JPMorgan Chase & Co. (JPM:US), the lender whose legal and regulatory battles led to more than $23 billion in settlements in 2013, said Chief Compliance Officer Cindy Armine left to join another firm after a year on the job.
Lou Rauchenberger, the chief administrative officer of the corporate and investment bank, was named as interim replacement, according to a staff memo from Chief Operating Officer Matt Zames obtained by Bloomberg News.
The departure was reported earlier today by the Wall Street Journal, which said Armine is moving to First Data Corp., the payment processor run by former JPMorgan executive Frank Bisignano. He left JPMorgan last year when Chief Executive Officer Jamie Dimon named Zames sole chief operating officer at the bank. Bisignano hired JPMorgan’s former Chief Information Officer Guy Chiarello as president last year.