JPMorgan Chase said Tuesday that Chief Operating Officer and President Daniel Pinto will step down from those roles in the coming months, setting off an executive shuffle with implications for succession planning for CEO Jamie Dimon.

And the new COO says she doesn't want the top job.

JPMorgan Chase CEO Jamie Dimon has held the top spot at the largest U.S. bank by assets for almost two decades, making him the longest-serving CEO on Wall Street today. And the bank just announced his leading successor’s own retirement.

Piepszak has signaled that she doesn’t want to take the top job at the bank, people close to her said

Key Takeaways JPMorgan Chase announced a flurry of executive changes Tuesday that raised new questions about who could succeed CEO Jamie Dimon.Jennifer Piepszak, co-chief executive officer of the firm's Commercial and Investment Bank,

JPMorgan Chase & Co. on Tuesday named Jennifer Piepszak its new chief operating officer, but the company’s four major department heads remain more likely successors to Chief Executive Jamie Dimon to head up the largest U.

JPMorgan Chase said Tuesday that Chief Operating Officer and President Daniel Pinto will step down from those roles in the coming months, elevating a potential successor to CEO Jamie Dimon to a key companywide role.

America’s biggest bank plans to launch a digital retail lender in Germany, Europe’s biggest economy but one with a notoriously unprofitable banking sector.