Ben Walter, who previously oversaw Chase for Business within the firm’s consumer and community banking arm, will take over as head of the workplace solutions operation, according to an internal memo Thursday.
President Donald Trump’s administration has pulled from the finance industry to bolster its ranks. He tapped hedge fund manager Scott Bessent to run the Treasury Department. Ben Black, the son of Apollo Global Management co-founder Leon Black, now works as chief executive officer of the U.S. International Development Finance Corp. Last year, Trump tapped Frank Bisignano to lead the IRS as CEO, a new position at the agency.
In the memo Thursday, Mary Callahan Erdoes, the longtime head of JPMorgan’s asset and wealth management business, called La Padula an “exceptional leader” and wished him luck in his next role. —Hannah Levitt, Bloomberg News
