JPMorgan Workplace Solutions has appointed Ben Walter as its new chief executive officer, replacing Vince La Padula, who is leaving the firm after 23 years to take up a senior post at the US Department of the Treasury.
La Padula built out the Workplace Solutions division following the company's 2022 acquisition of Global Shares, a major player in equity compensation and share plan administration.
Mary Callahan Erdoes, chief executive of JPMorgan Asset & Wealth Management, credited La Padula with strong results during his tenure.
"Vince has been an exceptional leader, mentor and partner across JPMorganChase,” she said. “Over 23 years, he delivered outsized impact including significantly expanding our lending franchise, and he helped position Workplace Solutions for long-term growth, doubling assets and participants in just three years. We are grateful for everything he has done and wish him continued success in public service."
Attention now turns to Walter, who arrives at Workplace Solutions from Chase for Business, where he oversaw a unit serving more than 7.4 million small businesses across the country. Before joining JPMorganChase, he served as Global Retail CEO at Hiscox, the specialty insurer with operations spanning the US, the UK and continental Europe. His earlier career includes stints at BlackRock and The Boston Consulting Group.
"Ben is a proven builder with an unwavering commitment to clients,” Erdoes said. “He has been a trusted partner to millions of small businesses nationwide, combining powerful digital capabilities with local advice and service. We are excited to have him bring that same customer-first mindset to Workplace Solutions as we enter our next chapter."
Walter will be responsible for deepening client relationships, advancing the platform's technology roadmap and growing the business, with a focus on operational execution. He said he sees equity ownership as a meaningful lever for employee financial outcomes.
“This business helps companies attract and retain the talent they need while helping the employees who build those businesses create personal wealth — when equity ownership is done right, it can materially change financial outcomes over a career. I'm excited to build on our momentum by deepening client partnerships, accelerating our platform roadmap, and delivering even more value from the JPMorganChase franchise to plan sponsors and participants."
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