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JPMorgan designates firmwide Chief Technology Officer

Tech veteran Sri Shivananda, celebrated for his impressive history in innovation and technology management, will join JPMorgan Chase, as stated in a memo penned by the bank's Chief Information Officer, Lori Beer.

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2025 September 4 . 2:10 AM

2 min read

JPMorgan appoints a Chief Technology Officer for the entire organization.

JPMorgan designates firmwide Chief Technology Officer

JPMorgan Appoints Sri Shivananda as Firmwide Technology Chief

JPMorgan Chase has announced the appointment of Sri Shivananda as its new firmwide technology chief, effective from June 24. Shivananda will be succeeding A.J. Lang, who is retiring after six years with the company.

Shivananda joins JPMorgan from PayPal, where he spent eight years as technology chief. During his tenure at PayPal, the company grew from 170 million customers and $280 billion in payments in 2015 to 420 million customers and $1.5 trillion in payments.

Senior executives who move from fintech companies like PayPal to major banks like JPMorgan Chase typically bring expertise in digital payments, innovation, and technology transformation. At PayPal Ventures, where technology and fintech investments are critical, Shivananda would have led initiatives to scale payment platforms, integrate emerging technologies such as AI and blockchain, and foster partnerships to accelerate growth. In his new role at JPMorgan Chase, the individual is expected to drive digital transformation, enhance technology infrastructure, and lead innovation to maintain competitive advantage in financial services.

Tech workers make up one-fifth of JPMorgan's 312,000-employee workforce. Improving the efficiency of both software engineering and physical infrastructure is a top priority for JPMorgan, according to CFO Jeremy Barnum.

Shivananda will report to Lori Beer, the global chief information officer at JPMorgan Chase. Manoj Sindhwani was recently hired as CIO for the chief data and analytics office at JPMorgan Chase.

Shivananda's LinkedIn post indicates that he left PayPal in January. The implementation of artificial intelligence could be a billion-dollar value-add for JPMorgan, according to COO Daniel Pinto. However, specific details about Shivananda's contributions to the growth of PayPal or his expected impact in the new role at JPMorgan Chase are not currently available.

As Shivananda takes on his new role, he joins JPMorgan at a time when various schools of thought on disrupting the banking industry are emerging, as evidenced by the numerous fintech disruptors. The appointment underscores JPMorgan's commitment to investing in its tech workforce to stay competitive in the rapidly evolving financial services industry.