From Wikipedia:
'JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States, with total assets of US$2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's third largest public company based on a composite ranking.[4] The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States.[5] The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.[6]
.
The J.P. Morgan brand, historically known as Morgan, is used by the investment banking, asset management, private banking, private wealth management and treasury & securities services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. The corporate headquarters are in 270 Park Avenue, Midtown, Manhattan, New York City, New York, and the retail and commercial bank is headquartered in Chase Tower, Chicago Loop, Chicago, Illinois, United States.[6] JPMorgan Chase & Co. is considered to be a universal bank.
.
JPMorgan Chase is one of the Big Four banks of the United States with Bank of America, Citigroup and Wells Fargo.[7][8][9][10][11][12] According to Bloomberg, as of October 2011 JPMorgan Chase surpassed Bank of America as the largest U.S. bank by assets.[13] Its predecessor, the Bank of the Manhattan Company, was the 22nd oldest bank in the world.'
| Revenue |  US$ 97.03 billion (2012) |
|
|---|---|---|
| Operating income | US$ 28.91 billion (2012) | |
| Net income | US$ 21.30 billion (2012) |
|
| Total assets | US$ 2.509 trillion (2012) |
|
| Total equity | US$ 204.1 billion (2012) |
|
| Employees | 260,965 (2012) | |
| Divisions | J.P. Morgan Asset Management | |
| Subsidiaries | Chase, J.P. Morgan & Co., J.P. Morgan Cazenove, One Equity Partners |
___________________________________
Wrong gender, colour, country': India-born Anu Aiyengar, JPMorgan's rising star
By Reuters and Times of India.
Fifteen years ago, when Anu Aiyengar went for an interview to become a mergers and acquisitions banker at a major Wall Street firm, she got a stark, disappointing message.
"You have three strikes against you," Aiyengar, who was born in India,
recalled the interviewer telling her. "How can I hire you? You are the
wrong gender, wrong colour and wrong country."
Aiyengar, now a
managing director at JPMorgan Chase & Co, is seen as one of the
rising stars within the largest US bank's M&A group, advising
clients in sectors ranging from retail to industrials.
Over
the past 15 years at JPMorgan, she has worked on around $200 billion
worth of transactions.
.
Last year, she advised on such deals as auto
parts retailer Advance Auto Parts Inc's $2 billion purchase of General
Parts International Inc, and office supply company Office Depot Inc's $1
billion acquisition of rival OfficeMax Inc.
JPMorgan was ranked No. 2 in M&A deals by value globally last year.
Being a woman, she said, has proven to be an advantage in connecting
with clients, so much so that many become friends or mentors. "Maybe
it's stereotypical, but I do feel that listening skills are pretty
important," she said.
Former OfficeMax CEO Ravi Saligram said Aiyengar gained his trust with her analytical skills and because she spoke her mind.
"She's not afraid to push back," Saligram said. "She was not a 'yes' person."
Still, Aiyengar said she rarely comes across other women in her
business, a reflection of how corporate America and Wall Street remain
male-dominated, even if the kind of overt prejudice that she experienced
fifteen years ago has receded.
Women made up 15.6% of top
executives and managers at US investment banks in 2012, compared with
17.7% in 2007, according to annual studies published by the United
States Equal Employment Opportunity Commission (EEOC).
Aiyengar said she makes an effort to find that balance. Married for 18
years with no children, Aiyengar, who remains an Indian citizen, said
she finds relaxation through Indian classical dance and tries to stay in
touch with friends and family outside of banking. She also tries to
mentor younger women bankers.
"I am very passionate about
having more women in broader financial services, and especially banking,
not just M&A," she said.
Aiyengar herself benefited from mentors such as Eric Stein,
JPMorgan's head of investment banking coverage for North America, who
helped her with everything from learning how to building deal models to
the intricacies of American football.
"He spent six hours on a
white board teaching me how to set up a model," she said. "My basic
checking models are still set up the way he originally taught me."
Stein said it is rare to find a banker who can handle a wide range of
deals, from financial services to retail. Teaching her American
football, however, was another matter.
"There is no doubt
teaching her football was more difficult, but part of the reason was I
tried to convince her to join me in being a Buffalo Bills fan," Stein
said. "I am proud to say she is getting there after close to 20 years,
and much more quickly than I have picked up on cricket."
Over
the past 15 years at JPMorgan, she has worked on around $200 billion
worth of transactions.
.
Last year, she advised on such deals as auto
parts retailer Advance Auto Parts Inc's $2 billion purchase of General
Parts International Inc, and office supply company Office Depot Inc's $1
billion acquisition of rival OfficeMax Inc.
JPMorgan was ranked No. 2 in M&A deals by value globally last year.
Being a woman, she said, has proven to be an advantage in connecting with clients, so much so that many become friends or mentors. "Maybe it's stereotypical, but I do feel that listening skills are pretty important," she said.
Former OfficeMax CEO Ravi Saligram said Aiyengar gained his trust with her analytical skills and because she spoke her mind.
"She's not afraid to push back," Saligram said. "She was not a 'yes' person."
Still, Aiyengar said she rarely comes across other women in her business, a reflection of how corporate America and Wall Street remain male-dominated, even if the kind of overt prejudice that she experienced fifteen years ago has receded.
Women made up 15.6% of top executives and managers at US investment banks in 2012, compared with 17.7% in 2007, according to annual studies published by the United States Equal Employment Opportunity Commission (EEOC).
Aiyengar said she makes an effort to find that balance. Married for 18 years with no children, Aiyengar, who remains an Indian citizen, said she finds relaxation through Indian classical dance and tries to stay in touch with friends and family outside of banking. She also tries to mentor younger women bankers.
"I am very passionate about having more women in broader financial services, and especially banking, not just M&A," she said.
Aiyengar herself benefited from mentors such as Eric Stein, JPMorgan's head of investment banking coverage for North America, who helped her with everything from learning how to building deal models to the intricacies of American football.
"He spent six hours on a white board teaching me how to set up a model," she said. "My basic checking models are still set up the way he originally taught me."
Stein said it is rare to find a banker who can handle a wide range of deals, from financial services to retail. Teaching her American football, however, was another matter.
"There is no doubt teaching her football was more difficult, but part of the reason was I tried to convince her to join me in being a Buffalo Bills fan," Stein said. "I am proud to say she is getting there after close to 20 years, and much more quickly than I have picked up on cricket."
JPMorgan was ranked No. 2 in M&A deals by value globally last year.
Being a woman, she said, has proven to be an advantage in connecting with clients, so much so that many become friends or mentors. "Maybe it's stereotypical, but I do feel that listening skills are pretty important," she said.
Former OfficeMax CEO Ravi Saligram said Aiyengar gained his trust with her analytical skills and because she spoke her mind.
"She's not afraid to push back," Saligram said. "She was not a 'yes' person."
Still, Aiyengar said she rarely comes across other women in her business, a reflection of how corporate America and Wall Street remain male-dominated, even if the kind of overt prejudice that she experienced fifteen years ago has receded.
Women made up 15.6% of top executives and managers at US investment banks in 2012, compared with 17.7% in 2007, according to annual studies published by the United States Equal Employment Opportunity Commission (EEOC).
Aiyengar said she makes an effort to find that balance. Married for 18 years with no children, Aiyengar, who remains an Indian citizen, said she finds relaxation through Indian classical dance and tries to stay in touch with friends and family outside of banking. She also tries to mentor younger women bankers.
"I am very passionate about having more women in broader financial services, and especially banking, not just M&A," she said.
Aiyengar herself benefited from mentors such as Eric Stein, JPMorgan's head of investment banking coverage for North America, who helped her with everything from learning how to building deal models to the intricacies of American football.
"He spent six hours on a white board teaching me how to set up a model," she said. "My basic checking models are still set up the way he originally taught me."
Stein said it is rare to find a banker who can handle a wide range of deals, from financial services to retail. Teaching her American football, however, was another matter.
"There is no doubt teaching her football was more difficult, but part of the reason was I tried to convince her to join me in being a Buffalo Bills fan," Stein said. "I am proud to say she is getting there after close to 20 years, and much more quickly than I have picked up on cricket."
