Andrew Kresse Named CEO of Business Banking at Chase
New York, NY Mar 21, 2017 Andrew Kresse has been named CEO of Business Banking, succeeding Jennifer Piepszak, who was named CEO of Chase Card Services last month. He will report to Gordon Smith, CEO of Chase Consumer & Community Banking.
Kresse has been at JPMorgan Chase for 10 years. He joins Chase after a career in markets, sales and trading, where he was most recently Head of North American Corporate Derivative Marketing and Cross Asset Structuring at J.P. Morgan’s Corporate and Investment Bank.
“Andrew is a very talented leader,” said Mr. Smith. “He’s an excellent people manager, whose strength is developing a close, devoted team. He unfailingly thinks company-first. He’s known as the ultimate team player who builds bridges across the organization to benefit the client. Business Banking is one of those businesses that touch nearly all others at JPMorgan Chase, and Andrew’s network, work ethic and talents will be a great asset as he becomes CEO.”
“This is another example of top talent moving around the firm,” said Daniel Pinto, CEO of the Corporate & Investment Bank. “Andrew has spent 10 years at JPMorgan Chase in the Corporate & Investment Bank, running sales and marketing businesses. He understands risk, how to grow businesses, and how to build client relationships for life. He’ll make a great CEO for Business Banking.”
About Business Banking:
- Chase Business Banking provides deposit, credit and cash management services to companies with up to approximately $20 million in annual revenue.
- Overall, Chase serves 4 million small businesses through Business Banking, Merchant Services and Ink credit cards.
- According to the latest J.D. Power study, Chase finished No. 1 in the West and Southeast and No. 3 in the Northeast and Midwest for small-business customer satisfaction. It's the fourth year for Chase to earn the top rank in the West. Chase ranked ahead of America's 10 largest banks.
- Overall, Chase extended more than $24 billion in new credit to small businesses in 2016 through Business Banking, Ink from Chase and Commercial Term Lending, part of the Commercial Bank
Ashley Frost, Ashley.C.Frost@jpmorgan.com