Office address: 383 Madison Ave, New York, NY 10017
Website: www.jpmorgan.com/global
Year established: 1871
Company type: global investment firm
Employees: 300,000+
Expertise: investment banking, commercial banking, consumer and community banking, financial transaction processing, wealth and asset management, corporate banking, healthcare, technology, industrials, energy, consumer products
Parent company: JPMorgan Chase & Co.
Key people: Jamie Dimon (CEO), Ashley Bacon (CRO), Jeremy Barnum (CFO), Stacey Friedman (general counsel), Mary Erdoes (asset and wealth management), Sanoke Viswanathan (chief strategy and growth officer), Daniel Pinto (COO)
Financing status: N/A
J.P. Morgan is one of the world’s largest financial services firms and has over $3.9 trillion in assets, offering investment banking, payment processing, and more. The company has a staff of over 300,000 professionals working in more than 100 countries. They provide a variety of financial solutions for a wide range of clientele, including institutions and individuals, aiming to make a positive global impact with their financial offerings.
J.P. Morgan was founded in 1871 by J. Pierpont Morgan and Anthony Drexel as Drexel, Morgan & Co. to support the growing US industrial economy. By 1895, it became J.P. Morgan & Co., gaining recognition for stabilizing the US economy during financial crises in 1893 and 1907.
Meanwhile, in 1930, Chase National Bank merged with Equitable Trust, creating the largest bank globally at the time, as international banking expanded after World War I. The company continued to grow, establishing branches in Germany and Japan after the war to meet global demands.
In 2000, J.P. Morgan merged with Chase Manhattan to form JPMorgan Chase, expanding further in 2004 through its merger with Bank One. More recently, the firm strengthened operations by acquiring First Republic Bank and attracting a historic ultra-high-net-worth advisory team.
J.P. Morgan offers a range of financial services designed to meet the diverse needs of individuals, businesses, and institutions globally:
For 225 years, J.P. Morgan has served clients with integrity, focusing on upholding its core values while shaping the global economy. The company integrates customer-focused commitments in its operations that are aimed at building a sustainable and responsible future for its stakeholders.
J.P. Morgan values its employees as its greatest asset, recognizing that diverse talents across its global workforce contribute directly to the company's success. Diversity and client relationships are at the core of its operations. The company encourages innovation through cutting-edge technology and provides employees with comprehensive benefits, including:
The firm incorporates environmental, social, and governance (ESG) principles across its operations to drive sustainable growth. A key initiative is its 2021 Sustainable Development Target, aiming to finance over $2.5 trillion within 10 years to combat climate change. J.P. Morgan emphasizes transparency and strong governance in its ESG strategies, with initiatives such as:
J.P. Morgan is committed to fostering a diverse, equitable, and inclusive culture that supports both employees and the communities it serves. The company aims to create opportunities for underserved groups and build a stronger and more inclusive economy. Their ongoing efforts ensure long-term success for employees and society, supported by key DEI initiatives such as:
J.P. Morgan is also focused on strengthening communities by improving access to affordable housing and supporting essential institutions like hospitals, schools, and local governments. The company invests in creating stable neighborhoods where diverse communities can access homeownership opportunities. By partnering with community organizations, they help promote economic stability and enhance local well-being.
Jamie Dimon serves as the chairman and CEO of JPMorgan Chase, roles he has held since the merger with Bank One, where he previously served in the same positions. Before Bank One, Dimon was president of Citigroup and held senior leadership roles at Travelers, Smith Barney, Commercial Credit, and American Express. He holds an MBA from Harvard Business School and a bachelor's degree from Tufts University.
The key leaders who drive the company’s operations are industry veterans and experts, including:
J.P. Morgan has recently embraced the trend toward lifetime income by incorporating annuities into its target date funds, offering a fresh approach to retirement income solutions. This new product blends target date funds with annuity offerings from major insurers, helping to create personalized retirement plans. By entering this market, the company strengthens its role in retirement planning, appealing to clients seeking reliable income solutions.
The company is also taking steps to address employee well-being by limiting junior bankers' hours, with exceptions during high-demand periods. This change aims to improve work-life balance, helping J.P. Morgan retain top talent and reduce burnout. It reinforces its commitment to employee satisfaction by prioritizing healthier working conditions and enhancing its reputation as a desirable workplace in the competitive financial sector.
A senior fund manager at a joint venture between JPMorgan Asset Management and Shanghai International Trust & Investment Co. was dismissed yesterday because of suspected insider trading.
JP Morgan Chase & Co. said it has launched JPMorgan Entertainment Advisors to provide financial and strategic advice, services and products to clients in the entertainment and media businesses.
JP Morgan Chase & Co. has tapped Joe Jiampietro, a former UBS AG managing director in the financial institutions and governments team, making him the latest to leave the Zurich-based bank.
