Insight & Analysis

Press release: J.P. Morgan Payments hires new Head of SMB Payments from PayPal

Published: May 2023

22nd May 2023 – John Frerichs has re-joined J.P. Morgan Payments to become head of SMB Payments.

John worked at JPMorgan Chase for a number of years before his most recent position with PayPal as Vice President, Global Small/Medium Business.

During his time with JPMC, John held various leadership positions in J.P. Morgan’s SMB Payments business, including head of the U.S. Direct businesses, head of Product and Chief Financial Officer. Prior to his time in the Payments business, he led strategic and business development initiatives for Business Banking, Card Services and Merchant Services. John’s breadth of experience therefore cuts across all aspects of the business – from product and commercialization, to sales and relationship management.

Max Neukirchen, Global Head of Payments & Commerce Solutions, J.P. Morgan said, “This is a warm ‘welcome back’ to JPMorgan Chase for John. His leadership will steer SMB Payments through the next exciting stage of evolution that will see our innovations scale, platforms continue to integrate and our collaboration across the firm supercharged.”

“We have an ambitious growth agenda for our SMB Payments franchise, bolstered by years of investment in the segment. I am confident under John’s leadership our global platform for SMB payments will go from strength to strength”

John re-joined the firm this month, and is based in Palo Alto, California.

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