JP Morgan Chase retail GC exits bank

JPMorgan Chase & Co’s retail-banking general counsel Matthew Biben has left the bank three years after joining.

Consumer and community banking general counsel Biben left the bank in June. He has been replaced by global head of litigation and acting consumer and community general counsel Jill Centella.

Biben headed up the legal function for a swathe of teams generating $43bn in revenue, including the bank’s card and merchant services, auto finance and wealth management groups, managing over 425 lawyers. His destination is unknown.

JP Morgan has recently been consolidating its units into four business lines – corporate and investment banking, consumer and community, commercial, and asset management.

In the first quarter of 2014 the consumer and community banking team generated $1.9bn.

Biben joined JP Morgan in 2011 as mortgage banking general counsel and senior legal adviser before being promoted to oversee the bank’s retail department in 2012.

Centella will take on his role while the bank decides how to replace him permanently. Centella was appointed co-head of litigation along with Michael Coyne and became the sole head of litigation when Coyne left for Union Bank last year (28 August 2013).

Former WilmerHale partner Stephen Cutler remains general counsel and executive vice president at the bank. The former co-chair of securities was named worldwide general counsel in 2006 succeeding Joan Guggenheimer who died earlier that year (12 December 2006).