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JPMorgan Chase & Co.
National Commercial Banks NY, United States
New York Stock Exchange: JPM.WT | OTC Bulletin Board: JPMC86 | OTC Bulletin Board: JPMG83
Company Description
JPMorgan Chase & Co. is a financial holding company that provides financial and investment banking services. It offers a range of investment banking products and services in all major capital markets, including advising on corporate strategy and structure, capital-raising in equity and debt markets, sophisticated risk management, market-making in cash securities and derivative instruments, prime brokerage and research. It also offers investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. The company operates its business through the following segments: Consumer and Community Banking, Corporate and Investment Bank, Commercial Banking, Asset Management, and Corporate/Private Equity. The Consumer and Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs, online, mobile and telephone banking. It is organized into Consumer and Business Banking, Mortgage Banking (including Mortgage Production, Mortgage Servicing and Real Estate Portfolios) and Card, Merchant Services and Auto (Card). Consumer and Business banking offers deposit and investment products and services to consumers, and lending, deposit, and cash management and payment solutions to small businesses. Mortgage Banking includes mortgage origination and servicing activities, as well as portfolios comprised of residential mortgages and home equity loans, including the purchased credit impaired portfolio acquired in the Washington Mutual transaction. Card issues credit cards to consumers and small businesses, provides payment services to corporate and public sector clients through its commercial card products, offers payment processing services to merchants, and provides auto and student loan services. The Corporate and Investment Bank segment offers a broad suite of investment banking, market-making, prime brokerage, and treasury and securities products and services to a global client base of corporations, investors, financial institutions, government and municipal entities. This segment offers a full range of investment banking products and services in all major capital markets, including advising on corporate strategy and structure, capital-raising in equity and debt markets, as well as loan origination and syndication. The Commercial Banking segment delivers extensive industry knowledge, local expertise and dedicated service to U.S. and U.S. multinational clients, including corporations, municipalities, financial institutions and non-profit entities. This segment provides financing to real estate investors and owners. This segment also provides comprehensive financial solutions, including lending, treasury services, investment banking and asset management to meet its client's domestic and international financial needs. The Asset Management segment provides investment and wealth management services. This segment offers investment management across all major asset services, including equities, fixed income, alternatives and money market funds. This segment also offers multi-asset investment management, providing solutions to a broad range of clients investment needs. For individual investors, this segment also provides retirement products and services, brokerage and banking services, including trust and estate, loans, mortgages and deposits. The Corporate/Private Equity segment comprises Private Equity, Treasury, Chief Investment Office (CIO), and Other Corporate, which includes corporate staff units and expense that is centrally managed. Treasury and Chief Investment Office are predominantly responsible for measuring, monitoring, reporting and managing the company's liquidity, funding, capital and structural interest rate and foreign exchange risks. The corporate staff units include Central Technology and Operations, Internal Audit, Executive, Finance, Human Resources, Legal and Compliance, Global Real Estate, General Services, Operational Control, Risk Management, and Corporate Responsibility and Public Policy. Other centrally managed expense includes the company's occupancy and pension-related expense that are subject to allocation to the businesses. The company was founded in 1968 and is headquartered in New York, NY.
Similar to: Deutsche Pfandbriefbank AG, Barclays Plc, Bank of Nova Scotia
Featured Media
Managing Risk and Utliizing Volatility
Bill Eigen, portfolio manager for the JPMorgan Strategic Income Fund, explains his approach to risk management, how he utilizes market volatility, and the characteristics he looks for in an effective short position.
Executives
- Jamie Dimon, Chairman and Chief Executive Officer
- Mr. James Dimon, Jamie has been the Chief Executive of JPMorgan Chase & Co., at JPMorgan Chase Bank, National Association since December 31, 2005 and has been its President since July 1, 2004. Mr. Dimon served as the Chief Executive Officer of Bank One Corp., (also known as Banc One Corporation) from March 27, 2000 to July 2004. He served as the Chief Executive Officer and Chairman of Bank One Wisconsin. He served as Chief Operating Officer of JP Morgan Chase & Co from July 1, 2004 to December 31, 2005. Mr. Dimon served as Co-Chief Executive Officer of Salomon Smith Barney Holdings Inc., is a subsidiary of Citigroup Inc. from October 1998 to November 1998. He served as the Chief Executive Officer of Smith Barney Holdings, Inc. From November 1998 to March 2000, he was a Private Investor. He served as the President of Citigroup Inc., from October to November 1998. Mr. Dimon served as the President and Chief Operating Officer of J.P. Morgan & Co. Inc. since January 2004. From November 1993 to October 1998, he served as President and Chief Operating Officer of Travelers Group Inc., as well as serving in several other executive positions with Travelers' subsidiaries Smith Barney Inc. and Salomon Barney Inc. during that period. He has been the Chairman of JPMorgan Chase & Co. since December 31, 2006. He serves as Vice Chairman of The Business Council. Mr. Dimon served as Chairman at The Clearing House LLC. He served as the Chairman of Smith Barney Holdings, Inc. He served as Chairman of Banc One Corporation from March 27, 2000 to July 2004. He served as Chairman of Citigroup Inc. from October 1998 to November 1998. He has been an Executive Director of JPMorgan Chase & Co since 2000. He serves as Director of Kennedy Center Corporate Fund, The Federal Reserve Bank of New York and Catalyst, Inc. He served as a Director of Banc One Corporation since 2000 and Yum! Brands Inc. since 1997. He serves as a Director of Chicago Clearing House Association. Mr. Dimon serves as a Director of College Fund/UNCF and Harvard Business School. He serves as a Trustee of The University of Chicago and New York University Medical Center and a Director of the National Center for Addiction and Substance Abuse. He served as a Director of Smith Barney Holdings, Inc. He serves as Co-Chair of Commission to Enhance Competitiveness for Financial Services Roundtable. Mr. Dimon graduated from Tufts University in 1978 and received an MBA from Harvard Business School in 1982.
- Douglas L. Braunstein, Chief Financial Officer
- Doug Braunstein is Executive Vice President and Chief Financial Officer of JPMorgan Chase & Co. He is also a member the firm’s Operating and Executive Committees. Prior to being named Chief Financial Officer in 2010, Braunstein served as Head of Investment Banking, Americas. Throughout his career, he held numerous senior Investment Banking positions including head of Investment Banking Coverage and head of Global Mergers and Acquisitions. Braunstein began his career in Investment Banking in 1986. As a strategic advisor in M&A, he worked on numerous transactions for the firm’s clients including some of the largest transactions over the past decade. In addition, Braunstein led the advisory teams for JPMorgan Chase’s merger with Bank One and the acquisition of Bear Stearns. Braunstein holds a Bachelor of Science degree from Cornell University and a JD degree from Harvard Law School. He serves on the boards of the JPMorgan Chase Foundation and the Dalton School and is an executive partner of Greater NY. Braunstein is a Trustee of Cornell University, as well as a member of the School of Industrial and Labor Relations Advisory Board.
- Jes Staley,, Chief Executive Officer—Investment Bank
- Jes Staley is the CEO of JPMorgan Chase & Co.’s Investment Bank and is responsible for overseeing and coordinating the firm’s international efforts across all lines of business. He is a member of the firm’s Operating and Executive Committees. Prior to being named CEO in 2009, Staley was Chief Executive Officer of J.P. Morgan Asset Management. He led J.P. Morgan’s expansion into alternatives, including the strategic partnership with Highbridge Capital Management in 2004. Staley began his professional career at J.P. Morgan in 1979. From 1980 to 1989, he worked in the firm’s Latin America division, where he served as Head of Corporate Finance for Brazil and General Manager of the firm’s Brazilian brokerage firm. He spent eight of these years in São Paulo. Staley was one of the founding members of J.P. Morgan’s equities business, which consolidated the firm’s extension into investment banking in the early 1990’s. He ran Equity Capital Markets and Syndicate. In 1999, Staley was tapped to head J.P. Morgan’s Private Bank, which under his leadership improved profitability threefold in two years. In 2001, he was promoted Chief Executive Officer of Asset Management. Staley holds a Bachelor of Science degree in Economics from Bowdoin College. He currently serves on the Board of Directors of the Institute of International Finance, Robin Hood Foundation, Council on Foreign Relations, United States-China Business Council, Code Advisors and the Board of Trustees of Bowdoin College.
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