When Jennifer Piepszak and Troy Rohrbaugh stood up to present at JPMorgan’s investor day in May 2024, they had a good story to tell. As the recently appointed co-CEOs of the bank’s expanded commercial and investment bank (CIB), they were able to present a business that is by almost any measure at the very top of its game. It had a spectacular 2023, and all the more so for the fact that the underlying climate in much of investment banking was far from spectacular.
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