In Memoriam: Peter J. Hughes, 73

26 Years at Chase, in Brazil, UK and Germany 

Peter John Hughes, whose 26-year career at Chase included tenure as global head of risk management for shared technology and operations, died on February 8, 2024, in Dorset, UK. He was 73 and had been battling leukemia since December 2022. He was a longtime member of the Chase Alumni Association.
Born in Cockfosters, he grew up in Barnet and Brookman’s Park, UK.  He entered articles of clerkship with a north London firm of chartered accountants, Cartwright Scrutin Trup & Co., before moving to Hodgson Harris & Co. where he finished his articles. He qualified as a chartered accountant in 1973. Hughes began his career at Peat Marwick Mitchell (now KMPG) in Frankfurt, in September 1973. 
Hughes began at Chase Manhattan in 1977, as European regional IT audit manager. A year later, he became deputy regional audit manager responsible for audits of central and southern European branches and subsidiaries of Chase Manhattan. He moved to Brazil in 1979 as Chief Audit Executive in Chase Brazil and became regional audit manager for South America in 1982. 
In 1985, Hughes became the Brazilian bank’s Chief Operations Executive and was appointed to the board. Two years later, he was named CFO for Chase Bank Brazil, moving to Frankfurt in 1989 as CFO for Chase Bank AG. In 1994, Hughes became head of the Europe Finance Service Centre, before becoming global head of risk management for shared technology and operations. He left Chase/JPMC in 2003.  
A keen golfer, Hughes was treasurer of the Sturminster Marshall Golf Club for a couple of years until he had to give it up due to his illness. 
Hughes was a Visiting Fellow at the Durham University Business School, where he led research into risk-based accounting methods and systems. He was founding chairman of the Risk Accounting Standards Board in 2017 and published the book Risk Accounting - the complete guide to quantifying and accounting for non-financial risks in 2023. 
Hughes lived in Bournemouth from 1994 to 2000, when he moved to Wimborne Minster in Dorset. 
Among his survivors are his wife, Jane; a son and three daughters.
The family suggests that memorial donations be made to Blood Cancer UK.
A funeral/celebration of life will be held in Lychett Minster, Dorset, beginning at 2:30 pm on March 15, 2024. Dress code is smart casual with color. For more information and a link to a livestream of the service, please click here.
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From George E. Keenan: A good guy. May he rest in peace.