Chief Financial Officer, JPMorgan Chase
Marianne Lake has come up with a simple formula to mentor rising stars.
During American Banker's Most Powerful Women in Banking
The initiative has now become a firmwide phenomenon at JPMorgan Chase, injecting new energy into the movement to support women across the company. During Women's History Month in March, Women on the Move, an internal initiative launched in 2013 to encourage senior women globally to advocate for female co-workers, hosted a "30-5-1" day at JPMorgan's headquarters.
Lake also co-sponsored a pilot program that aims to support parents who are about to go on or return from leave. The effort is expanding to include a dedicated program manager and an online portal that helps to match expectant parents with mentors who have already taken parental leave.
Lake has been chief financial officer
Under Lake, the finance department is investing heavily in robotics technology that, once perfected, would allow robots to perform certain labor-intensive activities so that employees could focus on "higher-value activities."
JPMorgan Chase spends about $9 billion a year on technology.