Banking

JPMorgan just nabbed a Lyft engineering exec who also spent more than a decade at Google to head up tech at its corporate and investment bank

JPMorgan hired Eisar Lipkovitz to serve as its new chief information officer of its corporate and investment bank.

  • JPMorgan named Eisar Lipkovitz its new chief information officer of its corporate and investment bank.
  • Lipkovitz previously was executive vice president of engineering at Lyft and head of its RideShare business.
  • He also spent nearly 15 years at Google.
  • See more stories on Insider’s business page.

An engineering executive who spent years at Lyft and Google is joining one of the top Wall Street firms to lead tech efforts within its corporate and investment bank.

JPMorgan hired Eisar Lipkovitz to serve as its new chief information officer (CIO) of its corporate and investment bank (CIB), according to an internal memo sent on Thursday viewed by Insider. Lipkovitz will also join JPMorgan’s digital and platform services management team and its global technology leadership team.

Lipkovitz, who will start in June, most recently was Lyft’s executive vice president of engineering and headed its RideShare business. He departed Lyft at the end of March, according to a regulatory filing.

Prior to joining Lyft in 2019, Lipkovitz spent nearly 15 years at Google. He served as vice president of engineering display and video ads as well as vice president of engineering search infrastructure, according to his LinkedIn.

Lipkovitz will report to David Hudson and Guy Halamish, co-heads of CIB digital and platform services, and will be accountable to Lori Beer, the bank’s global CIO who used to be CIO of CIB.

JPMorgan is in the midst of a “transformational time,” according to the memo penned by Beer, Halamish, and Hudson announcing Lipkovitz’ appointment.

“As we modernize our infrastructure, build out scalable platforms and utilize data, artificial intelligence and the cloud, we are certainly on the right path,” the memo added.

His hire comes after the departure of Mark Grimaldi, the previous CIO of the CIB, in January. Grimaldi held the role since 2017 and previously worked in securities technology at Deutsche Bank and Goldman Sachs, eFinancialCareers reported.

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