New York, June 14, 2016 – JPMorgan Chase today announced that Matt Kane has been named CEO of Commerce Solutions reporting to Gordon Smith, CEO of Consumer & Community Banking. He will relocate to Dallas, where the business is based, and join the Consumer & Community Banking Leadership Team.
Kane succeeds Mike Passilla, who will become Vice Chairman of Commerce Solutions also reporting to Smith. Passilla stepped down from the CEO role to spend more time in Atlanta, where he and his family live.
“Matt is an extremely accomplished and versatile executive who will build on the strong momentum in Commerce Solutions. I am glad Mike Passilla will continue to play a key leadership role in the business working with Matt and the Commerce leadership team. I'm thankful to him for the success Commerce has had for the past three years.”
Gordon Smith, CEO of Consumer & Community Banking
Kane has more than 18 years of experience in the financial services industry. He most recently served as head of Business Development for Card Services, where he played a key role in securing several co-brand partnerships and Chase Pay relationships. He has held senior roles in Risk, General Management and Marketing.
Kane holds a bachelor’s degree in Civil Engineering from Carnegie Mellon University and a master’s degree in Applied Mechanics from the University of Virginia.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.JPMorganChase.com.