03/25/2025

Memo Says JPMorgan Makes Changes to its Diversity Programs

The bank is rebranding its DE&I initiative

JPMorgan Chase Chief Operating Officer (COO) Jenn Piepszak said the bank was making some changes to its Diversity, Equity and Inclusion programs and the language it uses to describe them in an effort to keep up with the market and changes in regulations, according to a memo seen by Reuters.

The bank was changing "equity" to "opportunity" and renaming it diversity, opportunity and inclusion (DOI), from diversity, equity and inclusion (DEI), the memo sent out earlier on Friday said.

"The 'e' always meant equal opportunity to us, not equal outcomes, and we believe this more accurately reflects our ongoing approach to reach the most customers and clients to grow our business, create an inclusive workplace for our employees and increase access to opportunities," Piepszak said in the memo.

Please select this link to read the complete article from Reuters.