Citi Exec Joins J.P. Morgan Chase As Head Of Channels

Lisa Davis, former Citigroup executive, is joining with J.P. Morgan Chase as the company’s new head of Channels, according to a news release emailed to PYMNTS.

Davis spent the previous 22 years at Citigroup, and most recently led the global venture incubation efforts for Citi’s Institutional Client Group, which works to identify, validate and launch new growth opportunities, digital products and technology, the release stated.

Prior to that job, she worked as data governance officer for Citi’s Treasury and Trade Solutions (TTS). In that role, she drove data governance best practices across the global TTS organization.

She also led Data Insights and Artificial Intelligence, working on advanced analytics, machine learning, digital solutioning and visualizing insights to help client experience and boost business growth.

In addition, the release stated Davis managed the team responsible for delivering the best-in-class enterprise platforms in pricing management and billing, core banking, client relationship management and business and process transformation in data management and digitization.

Prior to working with Citi, Davis was senior operations manager at Sodexho Marriott. She is also a veteran of the United States Air Force, the release stated.

Davis will succeed Sairam Rangachari in her new role with J.P. Morgan, as Rangachari “has moved on to a new role building and then leading Platform as a Service, a new line of business under Umar Farooq,” the release stated.

Farooq is in charge of Onyx, a new business unit dedicated to blockchain and digital currency work, according to PYMNTS. The move is in line with the recent profitability of the JPM Coin stablecoin, which launched in 2019 and now has its first paying client in a large technology firm. Takis Georgakopoulos, head of Global Wholesale Payments, said the launch of Onyx would help with the firm’s apparent shift to commercialization of digital currencies with its new product.

Georgakopoulos said the company is also working on ways to streamline wholesale payments.