June 18 (Reuters) - JPMorgan JPM.N has tapped insider Ben Walter to oversee the bank's workplace solutions business, according to an internal memo seen by Reuters on Thursday.

Walter will replace Vince La Padula, who is leaving after 23 years at the bank to take on a senior role at the Internal Revenue Service.

J.P. Morgan Workplace Solutions provides equity compensation and share plan services globally. Formerly known as Global Shares, it was acquired by JPMorgan in 2022.

Walter most recently led Chase for Business, which serves more than 7.4 million small businesses across the U.S.

Prior to JPMorgan, Walter was the global retail CEO at specialty insurer Hiscox HSX.L. Earlier, he also held roles at BlackRock BLK.N and the Boston Consulting Group.

La Padula, who joined JPMorgan in 2004, helped lay the foundation for JPMorgan's workplace solutions organization following the acquisition of Global Shares.

"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," said Mary Callahan Erdoes, CEO of J.P. Morgan Asset & Wealth Management.