Jamie Grant to Retire as JPMorgan Global Chair of Investment Banking early 2026

Gist

Jamie Grant, JPMorgan’s Global Chairman of Investment Banking, plans to retire in early 2026 after about 45 years at the firm.
Since joining in 1980, he helped build Eurobond issuance, global interest rate derivatives, U.S. equities, IPOs, and sector coverage in consumer, retail, and healthcare.
His retirement was announced in an internal memo from JPMorgan’s co-heads of global banking, Filippo Gori and John Simmons.
Grant’s departure marks a major leadership transition and raises questions about his successor and the future structure of JPMorgan’s investment bank.

Jamie Grant’s retirement after more than four decades signifies the departure of one of J.P. Morgan’s most enduring figures in global investment banking. His contributions span foundational periods of the firm’s growth, including regulatory change (post-Glass-Steagall), expansion into equity underwriting, and sectoral leadership in consumer, retail, and healthcare banking. These accomplishments suggest Grant was instrumental in shaping JPMorgan’s capabilities and reputation in investment banking. [1][2]

Sent via internal memo by co-heads of global banking Filippo Gori and John Simmons, Grant’s early 2026 retirement gives the firm a defined transition timeline. This allows for thoughtful succession planning and internal adjustments. Given his long history starting in 1980, his departure removes a link to some of JPMorgan’s formative eras. [1][2]

The question of succession—both who will fill Grant’s role and how the investment banking leadership structure realigns—will be carefully watched. JPMorgan’s recent leadership moves have seen several senior executives repositioned, including Jennifer Piepszak becoming COO and Daniel Pinto’s announced retirement. Meanwhile, names like Marianne Lake, Mary Erdoes, and Troy Rohrbaugh have been floated in leadership discussions. [3][4][5]

Strategically, Grant’s retirement could open opportunities for younger or less-senior managing directors or heads of sectors to assert control. There may be a consolidation of functions or a redistribution of Grant’s old responsibilities across multiple stakeholders. Additionally, as external competition intensifies in investment banking, JPMorgan may see this as a chance to modernize or pivot parts of its investment banking strategy.

Open questions include: Who will replace Jamie Grant as Global Chair of Investment Banking? Will the successor be internal or external? How will this change interact with JPMorgan’s broader succession planning, especially for the CEO role? And will this lead to shifts in sector focus or risk appetite within investment banking at JPMorgan?

Supporting Notes

Jamie Grant has informed JPMorgan of his intention to retire early next year after approximately 45 years at the bank. [1][2]
He joined JPMorgan in 1980 and was involved in Eurobond capital raising and the development of global interest rate derivatives. [1][2]
He helped establish the firm’s U.S. equities business and oversaw its first IPO and equity underwriting programs. [1][2]
Later, he led investment banking for the consumer, retail, and healthcare sectors following JPMorgan’s merger with Chase. [1][2]
He has been Global Chairman of Investment Banking since around 2013. [1]
The announcement came in an internal memo from Filippo Gori and John Simmons, the co-heads of global banking. [2][1]

Sources

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