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Marianne LakeCFO and Executive Vice President of the oldest financial conglomerate on the planet, JPMorgan Chase
Country:
 USA |
Content:
- Biography of Marianne Lake
- Early Career
- Financial Director of JPMorgan Chase
- Working with James L. Dimon
- Personal Life
Biography of Marianne Lake
Marianne Lake is the Financial Director and Executive Vice President of the oldest financial conglomerate on the planet, JPMorgan Chase & Co. With a total compensation of $8,228,388 last year, Lake has become one of the most influential women on Wall Street.
Early Career
Lake started her career as a certified accountant in the London and Sydney offices of PriceWaterhouseCoopers. She then joined JPMorgan Chase in 2007 as the Financial Controller of the Investment Bank, which is now part of the Corporate and Investment Bank division. Lake's diverse experience within the corporation, including corporate, investment, and retail banking, set her apart from other employees at JPMorgan Chase.
Financial Director of JPMorgan Chase
Lake became the Financial Director of JPMorgan Chase on January 1, 2013. Her predecessor, Doug Braunstein, stepped down from the position following the London scandal, in which European bankers at JPMorgan Chase lost approximately $6 billion on unsuccessful deals. Despite the challenges, Lake did not hesitate to accept the offer as this role had always been a personal achievement she aspired to.
Working with James L. Dimon
Lake works directly under James L. Dimon, the CEO and Chairman of the Board of JPMorgan Chase. Their offices are located next to each other, and they communicate multiple times a day. As a woman in leadership, Lake acknowledges that it is rare in the financial world, but she has never felt disadvantaged due to her gender and has not experienced gender discrimination in her career.
Personal Life
Lake is a single mother who independently raises her two-and-a-half-year-old son. She heavily relies on the help of a nanny to balance her responsibilities. Despite the demands of her career, Lake ensures that she spends quality time with her son, whether it's a few minutes in the morning or half an hour in the evening. She believes that she can successfully manage both her role as a mother and her professional responsibilities.
In Lake's perspective, there are certain periods in life where everything seems to be in motion. These phases of growth and development can be challenging for individuals and their families. However, she firmly believes in not giving up and reminds herself that this too shall pass. Eventually, she will see the forest beyond the trees.
