Jennifer Nason, global chair of investment banking at JPMorgan Chase & Co., is set to retire early next year after nearly four decades with the Wall Street bank according to an internal memo confirmed by the bank.

Nason, who began her career in 1986 as a corporate finance trainee in Melbourne, Australia, has been a pivotal figure in the bank's technology and investment banking divisions. She moved from Australia to New York and initially joined the consumer and retail investment banking coverage team before becoming a managing director in the technology investment banking sector in 1998.

In an internal memo, commercial and investment bank co-chief executive officers Jenn Piepszak and Troy Rohrbaugh praised Nason's contributions. "An experienced and fearless banker, Jennifer has lent her perspective and expertise to companies and executives at the forefront of technology innovation and development," they wrote.

Throughout her career, Nason led the technology coverage team for 12 years before ascending to her global chair role. Her expertise has been widely recognised, with Accenture recently nominating her as a candidate for its board of directors.

In a further testament to her professional standing, Nason has been responsible for several key investment banking relationships worldwide, particularly in the Technology, Media and Telecommunications global client practice.

The news of her retirement comes at a significant moment in her career, with new opportunities on the horizon, including the potential board position with Accenture.

A representative for JPMorgan confirmed the details of the internal memo, marking the end of an era for this long-standing Wall Street executive.

---