JPMorgan reshuffles AI leadership; Indian-origin executives take on key roles

JPMorgan Chase is giving its artificial intelligence leadership a major revamp, with a majority of the executives now steering the bank’s AI strategy being of Indian origin. The change comes as the Wall Street giant shifts its focus from building AI infrastructure to using the technology more widely across its businesses.

The changes follow the retirement of Teresa Heitsenrether, the bank’s chief AI officer, after four decades with JPMorgan. The bank is also restructuring its firm-wide Chief Data and Analytics Office (CDAO), saying AI has reached a stage where business teams will play a bigger role in its adoption.