By CultureBanx Team
- J.P.Morgan hired Brian Lamb as the Global Head of Diversity and Inclusion
- Lamb previously oversaw the execution of Fifth Third Bank’s five-year, $32B community commitment
As J.P.Morgan (JPM +1.48%) continues to ramp up on diversity and improve coordination of its strategy to support underserved communities, they’ve hired Brian Lamb as the Global Head of Diversity and Inclusion. In this newly created role, Lamb will be shaking things up internally to become more inclusive, in addition to adding a diverse perspective to how the firm develops products, serves clients and helps communities.
Why This Matters: J.P.Morgan has been pushing further into diversity externally, so internally they need to align their priorities. Lamb starts on May 4th and will need to tap into his prior experience as Fifth Third’s chief corporate responsibility and reputation officer to move the needle for the firm. Previously, he oversaw the execution of Fifth Third Bank’s five-year, $32 billion community commitment. Not to mention Lamb is adept at inspiring customers through smart financial solutions, with the goal of improving their lives and communities.
J.P.Morgan has been pushing further into diversity externally, so internally they need to align their priorities
Some of Lamb’s notable work includes a former partnership with the National Community Reinvestment Coalition. This resulted in a $30 billion community commitment that focused on access to capital for small businesses, first-time homeownership, and educational opportunities for underserved communities and people of color.
Situational Awareness: Previously J.P.Morgan had teamed up with Fifth Third Bank to inject $6.5 million into minority-owned businesses. The Wall Street giant has also committed to investing $40 million to create better economic opportunities in Chicago’s South and West sides. These two areas house the majority of the city’s black population. J.P.Morgan has also planned to enter into nine new U.S. markets, with 30% of the branches expected to be in low to moderate income areas.
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