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JPMorgan shuffles compliance team, names new chief compliance officer

JPMorgan Chase & Co. named Frank Pearn its new chief compliance officer, The Wall Street Journal reported Feb. 2, citing an internal memo.

Pearn, who is the fourth appointment to the role in nearly four years, is the company's former managing director. He will replace interim compliance chief Lou Rauchenberger, who will now serve as global director of regulatory relations, The Journal reported.

The Journal said Pearn will report to chief risk officer Ashley Bacon as the company "formally aligns" its compliance and risk functions.

Also reported is the appointment of Pamela Dearden, who formerly led an anti-money laundering team, as head of the company's conduct and culture. JPMorgan's financial crimes investigations head Peter Neilson is expected to fill her position, awaiting confirmation.