JPMorgan Chase's commercial and investment bank has named Guy Halamish as chief operating officer for the division, assigning him responsibility for its data and artificial intelligence strategy, according to an internal memo. The move centralizes oversight for data and analytics at a time when firms across Wall Street are accelerating AI deployment to boost efficiency and extract measurable benefits from their technology investments.
Under the updated structure described in the memo, the chief data and analytics officers for four major business areas - payments, global banking, securities services and markets - will now report jointly to Halamish and the heads of their respective businesses. That joint-reporting arrangement is intended to create closer alignment between domain leadership and the data organization.
The memo set out a focused mandate for the revamped team. Priorities include improving data quality, reinforcing governance frameworks, preparing infrastructure to support AI agents and driving end-to-end transformation in operational workflows. The memo specifically cited areas such as credit and client onboarding as targets for that transformation effort.
JPMorgan, the largest U.S. bank by assets, has been expanding its data organization under Teresa Heitsenrether since 2023. The memo frames this expansion as part of a broader effort to modernize the bank's technology base and preserve competitive advantages over peers on Wall Street as investments in AI intensify.
The internal reorganization places operational responsibility for data strategy closer to business units while consolidating accountability under a single COO for the commercial and investment bank. The stated intent is to accelerate delivery of data improvements and to ready infrastructure and governance to support emerging AI use cases across client-facing and back-office functions.
While the memo outlines these structural changes and priorities, it does not provide additional details on timelines, specific projects or metrics for success.
Organizational changes at a glance
- Guy Halamish appointed COO for JPMorgan's commercial and investment bank to lead data and AI strategy.
- Chief data and analytics officers in payments, global banking, securities services and markets to report jointly to Halamish and business heads.
- Team will prioritize data quality, governance, AI-agent infrastructure and end-to-end process transformation in areas such as credit and client onboarding.
- JPMorgan has been building out its data organization under Teresa Heitsenrether since 2023 as part of a technology modernization push.