HISTORY…….. J.P. Morgan, has been helping its clients to do first-class business for more than 200 years They provide committed, innovative and consistent advice and execution to clients at all times. As a firm, they have a history of showing leadership, especially during times of financial crisis. From earliest days, they have contributed to business, society and world affairs. Their actions have always been driven by the desire to do the right thing for today and tomorrow
CONTINUED… Key Moments in J.P. Morgan History 2008: J.P. Morgan plays an important role in helping manage the credit crisis through the acquisition of Bear Stearns. 1996: The firm jointly leads the first “century” bond for a sovereign borrower – a 100-year, $100 million issue for the People’s Republic of China.
1980: Predecessor firm Hambrecht & Quist (H&Q) takes Apple Computer public. 1968: The firm launches Euroclear, a system for the orderly settlement of transactions in Eurobonds. 1955: Chase National Bank merges with The Bank of the Manhattan Company to form Chase Manhattan Bank.
CONTINUED……. 1929: Two Ohio institutions merge to form City National Bank & Trust, a predecessor of Bank One. 1915: J.P. Morgan arranges the biggest foreign loan in history – a $500 million Anglo/French loan. 1906: J.P. Morgan is central to the creation of U.S. Steel, GE and AT&T. 1895: J. Pierpont Morgan, Sr. becomes senior partner. The New York firm is renamed J.P. Morgan & Co.
1893: J.P. Morgan is primary financier of U.S. railroads. 1848: The Waterbury Bank opens, a predecessor of the Chase Manhattan Bank. 1824: The Chemical Bank is established. 1799: The Manhattan Company, the firm’s earliest predecessor institution, is chartered.
BUSINESS AREAS…. Investment Banking Sales & Trading Global Knowledge Network Operations Technology Asset Management Treasury & Securities Services
JPMorgan ChaseJPMorgan Chase & Co. JPM is an Americanmultinational banking corporation of securities,investments and retail. It is the largest bank in the United States by assetsand market capitalization. It is a major provider offinancial services with assets of $2 trillion andaccording to Forbes magazine is the worlds largestpublic company.The hedge fund unit of JPMorgan Chase is one ofthe largest hedge funds in the United States. It wasformed in 2000, when Chase ManhattanCorporationmerged with J.P. Morgan & Co.
JP Morgan Chase&Co. Type Public Traded as NYSE: JPM Dow Jones Component S&P 500 Component Industry Banking, Financial services Predecessor Chase Manhattan Corporation J.P. Morgan & Co. Founded 1799 Headquarters 270 Park Avenue, Manhattan New York City, New York, U.S. Area served Worldwide Key people Jamie Dimon (Chairman & CEO)
Total equity US$ 176.106 billion (2010) Employees 250,095 (2011) Subsidiaries Chase, J.P. Morgan & Co. Website JPMorganChase.com
Predecessors of JP Morgan Its predecessors include major banking firms among which are Chemical Bank, Manufacturers Hanover, First Chicago Bank, National Bank of Detroit, Texas Commerce Bank, Providian Financial and Great Western Bank.
OFFICESFormer Bear Stearnsheadquarters at 383Madison Avenue, NewYork City JPMorgan Chase Tower at 270 Park AvenueNew York City Chase Tower, Chicago Loop, Chicago
MARKETING Marketing analysts form an integral part of the deal making process, from being responsible for cultivating relationships with clients, to understanding their needs and advising them on the wide range of derivative solutions J.P. Morgan can provide.
RESEARCH They hire analysts into both Equity and Credit Research: The role of Equity Research is to value companies, determine what drives share prices and then make investment recommendations. Credit Research focuses on the creditworthiness of companies and the impact of this on the price of corporate bonds
SALES Building great relationships with clients is essential, because you’re there to provide analysis, insight and solutions to their needs. Some of these issues are hugely complex and you’ll be required to provide up-to-date market information at the drop of a hat.
SALES TRADING This differs from the classic sales role, in that sales traders speak directly to the dealing desks of the clients, who range from institutional investors to hedge funds. As a sales trader, you’ll liaise with the dealing desks and traders to facilitate client business either via block, single, electronic or program trading
STRUCTURING Structuring is connecting sales, marketing and trading in the space of complex derivatives, i.e., where an additional layer of expertise regarding financial engineering is required in the workflow. The structuring tasks in different lines of business may vary — a credit structurer, for eg, will not only focus on financial modelling, but also on legal frameworks and rating agency criteria when working on a deal
TRADING Traders are the people who actually price and execute all financial transactions. They buy and sell assets, either for our clients or on behalf of the firm itself. They also manage risk, neutralising any exposure J.P. Morgan might incur by entering a transaction with a client. This is what we call hedging.
JP MORGANINDIA India is an important focus for J.P. Morgan’s expansion in the Asia Pacific region. The lines of business include the Investment Bank, the Global Corporate Bank, Private Equity, Asset Management and Treasury and Securities Services. It offers clients an integrated range of services that combine specialist local knowledge with leadership positions across these lines of business.
ASSET MANAGEMENT J.P. Morgan Asset Management is a leading asset manager for institutions Strategies our provided to the full spectrum of asset classes including equity, fixed income, cash liquidity, currency, real estate, infrastructure, hedge funds and private equity. Specific products may differ by market
CONCLUSION At J.P. Morgan , our reputation has been built on a promise to put client interests ahead of our own, to generate original insight and to translate that insight into results. Insight + Process = Results