JP Morgan: Deutschlandchef von Digitalbank Chase steigt auf – Expansion in weitere Märkte in Europa

Daniel Llano Manibardo, the Germany chief of digital bank Chase, has resigned from his position. He is set to lead JP Morgan's digital private banking business in Germany and Britain starting next year. Manibardo's focus will be on expanding the business and venturing into additional European markets. He will continue to support the development of Chase's operations in Germany.

Mark O’Donovan, who leaves JP Morgan's US banking arm in New York to become the company's head of personnel on January 1st, will be Manibardo's replacement. Manibardo will still hold a position on JP Morgan SE, the European unit of JP Morgan in Frankfurt, which oversees Chase's activities in Germany. His portfolio will also include "Personal Investing" in Britain, covering digital asset management and online brokerage products that JP Morgan aims to offer in other European markets.

The incoming Germany chief, Eleni Skoura, joins Chase this year to build its current account business. Skoura has extensive international banking experience, having previously managed retail banking at ING Bank in Romania. She will "significantly shape Chase's product portfolio and growth strategy in Germany," according to JP Morgan.

JP Morgan CEO Jamie Dimon announced the expansion into the German private banking sector in a July 2023 interview with Handelsblatt, sparking significant interest in the local banking sector. Despite being valued at $871 billion, Chase's entry into the market came three years later. JP Morgan has always emphasized that it will take time to build a trustworthy and reliable bank in Germany.

Manibardo told Handelsblatt around a year ago that the company is building a technological platform that will allow it to scale the business sustainably in the coming years. "We are not taking any unnecessary shortcuts; we have come to stay in the long run," he said. Manibardo joined Chase in April 2025 from ING Deutschland. The increasingly competitive market includes other international banks like Crédit Agricole, which aims to double its customer base in all German business areas under the Crédit Agricole Deutschland brand by the end of 2028.

Crédit Mutuel, the French bank, launched a digital bank in Germany in June 2025. The Spanish bank BBVA opened a digital bank in Germany in June 2025, and Crédit Mutuel is also active in the German private banking sector through its partner Targobank and the Oldenburgische Landesbank (OLB).