JPMorgan Chase & Co. named Mark O’Donovan — a 20-year Chase veteran — as chief executive of auto finance, effective immediately, according to an internal memo shared with Auto Finance News today.
He succeeds Thasunda Duckett who became CEO of consumer banking in September.
O’Donovan will join the Chase consumer and community banking leadership team. He will work out of the company’s New York office, reporting to Gordon Smith, consumer and community banking CEO, according to the memo.
O’Donovan brings a “strong set of experiences” to his new role, Chase’s Chief Financial Officer Marianne Lake and CEO Smith said in the memo. “He has outstanding financial credentials, experience across a broad set of businesses, and a proven track record on people leadership.”
O’Donovan most recently served as the firm’s controller. He previously served as the global controller for the Investment Bank and Treasury & Securities Services, as well as various other roles within JPMorgan Chase in New York, London, and Singapore.
“Among his many skills, Mark is known as a great manager leading large global teams,” Lake and Smith said in the memo. “He will make an excellent CEO for auto finance. We will now begin a search for Mark’s successor, and he will help us manage through the transition.”
