JPMorgan Chase hires exec to lead fintech effort

JPMorgan Chase has hired a former PayPal executive to serve as its head of fintech partnerships for its commercial bank. 

The $4 trillion-asset company said in a press release that it had hired Peggy Mangot to fill the position. She will oversee a team that will design, develop and implement strategies. 

Mangot was in charge of leading investments in fintech, commerce, infrastructure and crypto for PayPal Ventures. Prior to joining PayPal, she led the development of Wells Fargo’s challenger bank and its enterprise management platform. 

"Couldn’t be more thrilled,” Mangot said in a tweet. “I look forward to deepening relationships with all of you builders and investors.”