JPMorgan Chase

JPMorgan Chase
JPMorgan Chase & Co.
Type Public
Traded as NYSEJPM
Dow Jones Component
S&P 500 Component
Industry Banking, Financial services
Predecessor Chase Manhattan Corporation
J.P. Morgan & Co.
Founded 2000 (2000)
Headquarters 270 Park Avenue, Manhattan,
New York City, New York
, U.S.
Area served Worldwide
Key people Jamie Dimon (Chairman & CEO)
Products Consumer banking, corporate banking, credit cards, finance and insurance, investment banking, mortgage loans, private banking, wealth management
Revenue increase US$ 102.694 billion (2010)[1]
Operating income increase US$ 024.859 billion (2010)[1]
Net income increase US$ 017.370 billion (2010)[1]
AUM increase US$ 001.298 trillion (2010)[1]
Total assets increase US$ 002.289 trillion (2010)[1]
Total equity increase US$ 176.106 billion (2010)[1]
Employees 250,095 (2011)[1]
Subsidiaries Chase, J.P. Morgan & Co.
JPMorgan Chase & Co. headquarters in Manhattan, New York City, New York, U.S.

JPMorgan Chase & Co. (NYSEJPM) is an American multinational banking corporation of securities, investments and retail. It is the largest bank in the United States by assets and market capitalization[2].It is a major provider of financial services, with assets of $2 trillion and according to Forbes magazine is the world's largest public company.[3] The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States.[4] It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.[5]

The J.P. Morgan brand is used by the investment banking as well as the 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.[5]

JPMorgan Chase is one of the Big Four banks of the United States with Bank of America, Citigroup and Wells Fargo.[6][7][8][9][10][11]

According to Forbes, as of 2011 JP Morgan Chase is the largest company and bank in the world in composite rankings. According to Bloomberg, as of October 2011 JPMorgan Chase surpassed Bank of America as the largest U.S. bank by assets. [12]



JPMorgan Chase logo, prior to the 2008 rebranding

JPMorgan Chase, in its current structure, is the result of the combination of several large U.S. banking companies over the last decade including Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Bear Stearns and Washington Mutual. Going back further, 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.

The current J.P.Morgan logo used for the company's Investment Banking, Asset Management, and Treasury & Securities Services units, as of June 2008.[13]

Chemical Banking Corporation

The New York Chemical Manufacturing Company was founded in 1823 as a maker of various chemicals. In 1824, the company amended its charter to perform banking activities and created the Chemical Bank of New York. After 1851, the bank was separated from its parent and grew organically and through a series of mergers, most notably with Corn Exchange Bank in 1954, Texas Commerce Bank (a large bank in Texas) in 1986, and Manufacturer's Hanover Trust Company in 1991 (the first major bank merger "among equals"). In the 1980s and early 1990s, Chemical emerged as one of the leaders in the financing of leveraged buyout transactions. In 1984, Chemical launched Chemical Venture Partners to invest in private equity transactions alongside various financial sponsors. By the late 1980s, Chemical developed its reputation for financing buyouts, building a syndicated leveraged finance business and related advisory businesses under the auspices of pioneering investment banker, Jimmy Lee.[14][15] At many points throughout this history, Chemical Bank was the largest bank in the United States (either in terms of assets or deposit market share).

In 1996, Chemical Bank acquired the Chase Manhattan Corporation taking the more prominent Chase name. In 2000, the combined company acquired J.P. Morgan & Co. and combined the two names to form what is today JPMorgan Chase & Co. JPMorgan Chase retains Chemical Bank's headquarters at 270 Park Avenue and stock price history.

Chase Manhattan Bank

Logo used by Chase following the merger with the Manhattan Bank in 1955.

The Chase Manhattan Bank was formed upon the 1955 purchase of Chase National Bank (established in 1877) by the Bank of the Manhattan Company (established in 1799),[16] the company's oldest predecessor institution. The Bank of the Manhattan Company was the creation of Aaron Burr, who transformed The Manhattan Company from a water carrier into a bank.

Led by David Rockefeller during the 1970s and the 1980s, Chase Manhattan emerged as one of the largest and most prestigious banking concerns, with leadership positions in syndicated lending, treasury and securities services, credit cards, mortgages, and retail financial services. Weakened by the real estate collapse in the early 1990s, it was acquired by Chemical Bank in 1996 retaining the prominent Chase name. Prior to its notable merger with J.P. Morgan & Co., the new Chase expanded the investment and asset management groups through two acquisitions. In 1999, it acquired San Francisco-based Hambrecht & Quist for $1.35 billion. In April 2000, UK-based Robert Fleming & Co. was sold to the new Chase Manhattan Bank for $7.7 billion.

According to page 114 of An Empire of Wealth by John Steele Gordon, the origin of this strand of JPMorgan Chase's history runs as follows:

At the turn of the nineteenth century, obtaining a bank charter required an act of the state legislature. This of course injected a powerful element of politics into the process and invited what today would be called corruption but then was regarded as business as usual. Hamilton's political enemy—and eventual murderer—Aaron Burr was able to create a bank by sneaking a clause into a charter for a company, called the Manhattan Company, to provide clean water to New York City. The innocuous-looking clause allowed the company to invest surplus capital in any lawful enterprise. Within six months of the company's creation, and long before it had laid a single section of water pipe, the company opened a bank, the Bank of the Manhattan Company. Still in existence, it is today J.P.Morgan Chase, the second largest bank in the United States.

J.P. Morgan & Company

J.P. Morgan & Co. logo before its merger with Chase Manhattan Bank in 2000

The heritage of the House of Morgan traces its roots to the partnership of Drexel, Morgan & Co., which in 1895 was renamed J.P. Morgan & Co. (see also: J. Pierpont Morgan). Arguably the most influential financial institution of its era, J.P. Morgan & Co. financed the formation of the United States Steel Corporation, which took over the business of Andrew Carnegie and others and was the world's first billion-dollar corporation. In 1895, J.P. Morgan & Co. supplied the United States government with $62 million in gold to float a bond issue and restore the treasury surplus of $100 million. In 1892, the company began to finance the New York, New Haven and Hartford Railroad and led it through a series of acquisitions that made it the dominant railroad transporter in New England. Although his name was big, Morgan owned only 19% of Morgan assets. The rest was owned by the Rothschild family following a series of bailouts and rescues attributed by some to Morgan's stubborn will and seemingly "non-existent" investment savvy.

September 16, 1920: a bomb exploded in front of the headquarters of J.P. Morgan Inc. at 23 Wall Street, injuring 400 and killing 38 people.

Built in 1914, 23 Wall Street was known as the "House of Morgan", and for decades the bank's headquarters was the most important address in American finance. At noon, on September 16, 1920, a terrorist bomb exploded in front of the bank, injuring 400 and killing 38. Shortly before the bomb went off, a warning note was placed in a mailbox at the corner of Cedar Street and Broadway. The warning read: "Remember we will not tolerate any longer. Free the political prisoners or it will be sure death for all of you. American Anarchists Fighters." While theories abound about who was behind the bombing and why they did it, after 20 years of investigation the FBI rendered the case inactive without ever finding the perpetrators.

In August 1914, Henry P. Davison, a Morgan partner, traveled to the UK and made a deal with the Bank of England to make J.P. Morgan & Co. the monopoly underwriter of war bonds for the UK and France. The Bank of England became a "fiscal agent" of J.P. Morgan & Co., and vice-versa. The company also invested in the suppliers of war equipment to Britain and France. Thus, the company profited from the financing and purchasing activities of the two European governments.

In the 1930s, all of J.P. Morgan & Co. along with all integrated banking businesses in the United States, was required by the provisions of the Glass–Steagall Act to separate its investment banking from its commercial banking operations. J.P. Morgan & Co. chose to operate as a commercial bank, because at the time commercial lending was perceived as more profitable and prestigious. Additionally, many within J.P. Morgan believed that a change in political climate would eventually allow the company to resume its securities businesses but it would be nearly impossible to reconstitute the bank if it were disassembled.

In 1935, after being barred from securities business for over a year, the heads of J.P. Morgan spun off its investment-banking operations. Led by J.P. Morgan partners, Henry S. Morgan (son of Jack Morgan and grandson of J. Pierpont Morgan) and Harold Stanley, Morgan Stanley was founded on September 16, 1935 with $6.6 million of nonvoting preferred stock from J.P. Morgan partners. In order to bolster its position, in 1959, J.P. Morgan merged with the Guaranty Trust Company of New York to form the Morgan Guaranty Trust Company. The bank would continue to operate as Morgan Guaranty Trust until the 1980s, before beginning to migrate back toward the use of the J.P. Morgan brand. In 1984, the group finally purchased the Purdue National Corporation of Lafayette Indiana, uniting a history between the two figures of Salmon Portland Chase and John Purdue. In 1988, the company once again began operating exclusively as J.P. Morgan & Co.

Bank One Corporation

Bank one logo.png

In 2004, JPMorgan Chase merged with Chicago based Bank One Corp., bringing on board current chairman and CEO Jamie Dimon as president and COO and designating him as CEO William B. Harrison, Jr.'s successor. Dimon's pay was pegged at 90% of Harrison's. Dimon quickly made his influence felt by embarking on a cost-cutting strategy, and replaced former JPMorgan Chase executives in key positions with Bank One executives—many of whom were with Dimon at Citigroup. Dimon became CEO in January 2006 and Chairman in December 2006.

Bank One Corporation was formed upon the 1998 merger between Banc One of Columbus, Ohio and First Chicago NBD. These two large banking companies had themselves been created through the merger of many banks. This merger was largely considered a failure until Dimon—recently ousted as President of Citigroup—took over and reformed the new firm's practices—especially its disastrous technology mishmash inherited from the many mergers prior to this one. Dimon effected more than sufficient changes to make Bank One Corporation a viable merger partner for JPMorgan Chase.

First Chicago Bank Logo.png

Bank One Corporation traced its roots to First Bancgroup of Ohio, founded as a holding company for City National Bank of Columbus, Ohio and several other banks in that state, all of which were renamed "Bank One" when the holding company was renamed Banc One Corporation. With the beginning of interstate banking they spread into other states, always renaming acquired banks "Bank One", though for a long time they resisted combining them into one bank. After the First Chicago NBD merger, adverse financial results led to the departure of CEO John B. McCoy, whose father and grandfather had headed Banc One and predecessors. Dimon was brought in to head the company. JPMorgan Chase completed the acquisition of Bank One in the third quarter of 2004. The former Bank One and First Chicago headquarters in Chicago serve as the headquarters of Chase, JPMorgan Chase's commercial and retail banking subsidiary.

Bear Stearns

Bear Stearns logo

At the end of 2007, Bear Stearns & Co. Inc. was the fifth largest investment bank in the United States but its market capitalization had deteriorated through the second half of 2007. On Friday, March 14, 2008 Bear Stearns lost 47% of its equity market value to close at $30.00 per share as rumors emerged that clients were withdrawing capital from the bank. Over the following weekend it emerged that Bear Stearns might prove insolvent and on or around March 15, 2008 the Federal Reserve engineered a deal to prevent a wider systemic crisis from the collapse of Bear Stearns.

On March 16, 2008, after a weekend of intense negotiations between JPMorgan, Bear, and the federal government, JPMorgan Chase announced that it had plans to acquire Bear Stearns in a stock swap worth $2.00 per share or $240 million pending shareholder approval scheduled within 90 days. In the interim, JPMorgan Chase agreed to guarantee all Bear Stearns trades and business process flows.[17] Two days later, on March 18, 2008, JPMorgan Chase formally announced the acquisition of Bear Stearns for $236 million. The stock swap agreement was signed in the late-night hours of March 18, 2008, with JPMorgan agreeing to exchange 0.05473 of each of its shares upon closure of the merger for one Bear share, valuing the Bear shares at $2 each. [18]

On March 24, 2008, after considerable public discontent by Bear Stearns shareholders over the low acquisition price threatened the deal's closure, a revised offer was announced at approximately $10 per share. Under the revised terms, JPMorgan also immediately acquired a 39.5% stake in Bear Stearns (using newly issued shares) at the new offer price and gained a commitment from the board (representing another 10% of the share capital) that its members would vote in favor of the new deal. With sufficient commitments thus in hand to ensure a successful shareholder vote, the merger was completed on June 2, 2008.

Washington Mutual

The Washington Mutual logo prior to its acquisition by JPMorgan Chase.

On September 25, 2008, JPMorgan Chase bought most of the banking operations of Washington Mutual from the receivership of the Federal Deposit Insurance Corporation. That night, the Office of Thrift Supervision, in what was by far the largest bank failure in American history, had seized Washington Mutual Bank and placed it into receivership. The FDIC sold the bank's assets, secured debt obligations and deposits to JPMorgan Chase & Co for $1.836 billion, which re-opened the bank the following day. As a result of the takeover, Washington Mutual shareholders lost all their equity.[19]

JPMorgan Chase raised $10 billion in a stock sale to cover writedowns and losses after taking on deposits and branches of Washington Mutual.[20] Through the acquisition, JPMorgan now owns the former accounts of Providian Financial, a credit card issuer WaMu acquired in 2005. The company announced plans to complete the rebranding of Washington Mutual branches to Chase by late 2009.

Chief executive Alan H. Fishman was flying from New York to Seattle on the day the bank was closed, and eventually received a $7.5 million sign-on bonus and cash severance of $11.6 million after being CEO for 17 days.

Other recent acquisitions

In 2006, JPMorgan Chase purchased Collegiate Funding Services, a portfolio company of private equity firm Lightyear Capital, for $663 million. CFS was used as the foundation for the Chase Student Loans, previously known as Chase Education Finance.[21]

In April 2006, JPMorgan Chase announced it would swap its corporate trust unit for The Bank of New York Co.'s retail and small business banking network. The swap valued The Bank of New York business at $3.1 billion and JPMorgan's trust unit at $2.8 billion and gave Chase access to 338 additional branches and 700,000 new customers in New York, New Jersey, and Indiana.

In March 2008, JPMorgan acquired the UK-based carbon offsetting company ClimateCare.[22]

In November 2009, JPMorgan announced it would acquire the balance of JPMorgan Cazenove, an advisory and underwriting joint venture established in 2004 with the Cazenove Group, for GBP1 billion.[23]

Acquisition history

The following is an illustration of the company's major mergers and acquisitions and historical predecessors (this is not a comprehensive list):

JPMorgan Chase & Co.
JPMorgan Chase
(merged 2000)
Chase Manhattan Bank
(merged 1996)[24]
Chemical Bank
(merged 1991)
Chemical Bank
(reorganized 1988)

The Chemical Bank
of New York

(est. 1823)

Citizens National Bank
(est. 1851, acq. 1920)

Corn Exchange Bank
(est. 1852, acq. 1954)

New York Trust Company
(acq. 1959)

Texas Commerce Bank
(est. 1866, acq. 1986)[25]

Manufacturers Hanover
(merged 1961)

Trust Company

(est. 1905)[26]

Hanover Bank
(est. 1873)

Chase Manhattan Bank
(merged 1955)

Bank of the
Manhattan Company

(est. 1799)

Chase National Bank
of the City of New York
(est. 1877)[27]

J.P. Morgan & Co.
(formerly Morgan Guaranty Trust)
(merged 1959)

Guaranty Trust Company
of New York
(est. 1866)

J.P. Morgan & Co.
("The House of Morgan")[28]
(est. 1895)[29]

Bank One
(acq. 2004)
Banc One Corp.[30]
(merged 1968)

City National Bank
& Trust Company

Farmers Saving
& Trust Company

First Chicago NBD
(merged 1995)

First Chicago Corp.
(est. 1863)

NBD Bancorp.
National Bank of Detroit)
(est. 1933)


Louisiana’s First
Commerce Corp.

Bear Stearns
(est. 1923;
acq. 2008


Washington Mutual
(acq. 2008)[32]

Washington Mutual
(founded 1889)


Great Western Bank
(acq. 1997)


H. F. Ahmanson & Co.
(acq. 1998)


Bank United of Texas
(acq. 2001)


Dime Bancorp, Inc.
(acq. 2002)


Providian Financial
(acq. 2005)

Structure and financial data

JPMorgan Chase & Co. owns five bank subsidiaries in the United States:[33] JPMorgan Chase Bank, National Association; Chase Bank USA, National Association; Custodial Trust Company; JPMorgan Chase Bank, Dearborn; and J.P. Morgan Bank and Trust Company, National Association.

JPMorgan Chase's activities are organized, for management reporting purposes, into six business segments:[34] investment banking, card services and consumer lending, commercial banking; personal and business banking, home lending, treasury & securities services, asset management, corporate; including private equity (One Equity Partners) and treasury and corporate functions.[citation needed] The investment banking division at J.P. Morgan is divided by teams: industry, M&A and capital markets. Industry teams include consumer health care and retail, diversified industries and transportation, natural resources, financial institutions, metals and mining, real estate and technology, media and telecommunications.[35]

Financial data in $ millions
Year 2004[36] 2005[36] 2006[36] 2007[37] 2008[38] 2009
Revenue 43,097 54,533 61,437 71,372 67,252 100,434
EBITDA 7,140 13,740 22,218
Net Income 4,466 8,483 14,444 15,365 5,605 11,728
Employees 160,968 168,847 174,360 180,667 224,961 222,316

[39] JPMorgan Chase was the biggest bank at the end of 2008 as an individual bank. (not including subsidiaries)


Although the old Chase Manhattan Bank's headquarters were once located at the One Chase Manhattan Plaza building in downtown Manhattan, the current world headquarters for JPMorgan Chase & Co. are located at 270 Park Avenue.

The bulk of North American operations take place in four buildings located adjacent to each other on Park Avenue in New York City: the former Union Carbide Building at 270 Park Avenue, the hub of sales and trading operations, and the original Chemical Bank building at 277 Park Avenue, where most investment banking activity took place. Asset and wealth management groups are located at 245 Park Avenue and 345 Park Avenue. Other groups are located in the former Bear Stearns building at 383 Madison Avenue.

Chase, the U.S. and Canada, retail, commercial, and credit card bank is headquartered in Chicago at the Chase Tower, Chicago.[5]

The Asia Pacific headquarters for JPMorgan is located in Hong Kong at Chater House.

Approximately 10,000 employees are located in Columbus at the McCoy Center, the former Bank One offices.

The bank moved some of its operations to the JPMorgan Chase Tower in Houston, when it purchased Texas Commerce Bank.

In August 2008, the bank announced plans to construct a new European headquarters, based at Canary Wharf, London.[40]

The Card Services division has its headquarters in Wilmington, Delaware, with Card Services offices in Elgin, Illinois; Springfield, Missouri; Frederick, Maryland; San Antonio and Mumbai. There are also large operations centers in Brooklyn; Columbus; Dallas; Indianapolis; Milwaukee; Toronto; Rochester, New York; Fort Worth, Texas; Tampa, Florida; Orlando, Florida; Louisville, Kentucky; Newark, Delaware; Phoenix, Arizona and Burlington, Ontario. Operations centers in the United Kingdom are located in Bournemouth, Glasgow, London, Liverpool and Swindon of which London hosts the European headquarters. There are also backoffice and technology operations offices based in Manila, Cebu, Philippines, Mumbai , Bangalore, Hyderabad, New Delhi , Buenos Aires and Mexico City.

J.P. Morgan is a leader in wholesale financial services serving one of the largest client franchises in the world. Clients include corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries. With the Global headquarters outside USA, the Europe, Middle East and Africa (EMEA) headquarters located in London & Asia Pacific headquarters located in Hong Kong.[41][42]

Credit derivatives

The derivatives team at JP Morgan, (including Blythe Masters), was a pioneer in the invention of credit derivatives such as the credit default swap. The first CDS was created to allow Exxon to borrow money from JP Morgan while JP Morgan transferred the risk to the European Bank of Reconstruction and Development. JP Morgan's team later created the 'BISTRO', a bundle of credit default swaps that was the progenitor of the Synthetic CDO. [43][44]

Legal and regulatory proceedings

Conflicts of interest on investment research

In December 2002, Chase paid fines totaling $80 million, with the amount split between the states and the federal government. The fines were part of a settlement involving charges that ten banks, including Chase, deceived investors with biased research. The total settlement with the ten banks was $1.4 billion. The settlement required that the banks separate investment banking from research, and ban any allocation of IPO shares.[45]


Chase paid out over $2 billion in fines and legal settlements for their role in financing Enron Corporation, which collapsed amid a financial scandal in 2001. In 2003, Chase paid $160 million in fines and penalties to settle claims by the Securities and Exchange Commission and the Manhattan district attorney’s office. In 2005, Chase paid $2.2 billion to settle a lawsuit filed by investors in Enron.[46]


JPMorgan Chase, which helped underwrite $15.4 billion of WorldCom's bonds, agreed in March 2005 to pay $2 billion; that was 46 percent, or $630 million, more than it would have paid had it accepted an investor offer in May 2004 of $1.37 billion. J.P. Morgan was the last big lender to settle. Its payment is the second largest in the case, exceeded only by the $2.6 billion accord reached in 2004 by Citigroup.[47] In March 2005, 16 of WorldCom's 17 former underwriters reached settlements with the investors.[48][49]

Jefferson County, Alabama

In November 2009, JPMorgan Chase & Co. agreed to a $722 million settlement with the U.S. Securities and Exchange Commission to end a probe into sales of *derivatives that helped push Alabama’s most populous county to the brink of bankruptcy. The settlement came a week after Birmingham, Alabama Mayor Larry Langford was convicted on 60 counts of bribery, money laundering, and tax evasion related to bond swaps for Jefferson County, Alabama. The SEC alleged that J.P. Morgan, which had been chosen by the county commissioners to underwrite the floating-rate sewer bond deals and provide interest-rate swaps, had made undisclosed payments to close friends of the commissioners in exchange for the deal. J.P. Morgan then allegedly made up for the costs by charging higher interest rates on the swaps.[50]

Financial Services Authority

In June 2010, J.P. Morgan Securities was fined 33.32 million pounds sterling ($49.12 million) by the UK Financial Services Authority (FSA) for failing to protect billions of dollars of client money over almost seven years. The firm had erroneously failed to properly segregate client funds from corporate funds following the merger of Chase and J.P. Morgan, resulting in a violation of FSA regulations but no losses to clients. J.P. Morgan Securities reported the incident to the FSA, corrected the errors, and cooperated in the ensuing investigation, resulting in the fine being reduced 30% from an original amount of £47.6 million.[51]

Mortgage overcharge of active military personnel

In January 2011, JPMorgan Chase admitted that it wrongly overcharged several thousand military families for their mortgages, including active duty personnel in Afghanistan. The bank also admitted it improperly foreclosed on more than a dozen military families; both actions were in clear violation of the Servicemembers Civil Relief Act which automatically lowers mortgage rates to 6 percent, and bars foreclosure proceedings of active duty personnel. The overcharges may have never come to light were it not for legal action taken by Marine Capt. Jonathan Rowles, a fighter pilot. Both Capt. Rowles and his spouse Julia accused Chase of violating the law and harassing the couple for nonpayment. An official stated that the situation was "grim", and Chase initially stated it would be refunding up to $2,000,000 to those who were overcharged, and that families improperly foreclosed on have gotten or will get their homes back.[52] Chase has acknowledged that as many as 6,000 active duty military personnel were illegally overcharged, and more than 18 military families homes were wrongly foreclosed. In April, Chase agreed to pay a total of $27 million in compensation to settle the class-action suit.[53] At the company's 2011 shareholders' meeting, Dimon apologized for the error and said the bank would forgive the loans of any active-duty personnel whose property had been foreclosed. In June 2011, lending chief Dave Lowman was forced out over the scandal.[54][55]

Major sponsorships

  • Chase Field, Phoenix, Arizona, – Arizona Diamondbacks, MLB.
  • Major League Soccer
  • Chase Auditorium (formerly Bank One Auditorium) in Chicago.
  • The JPMorgan Chase Corporate Challenge, owned and operated by JPMorgan Chase, is the largest corporate road racing series in the world with over 200,000 participants in 12 cities in six countries on five continents. It has been held annually since 1977 and the races range in size from 4,000 entrants to more than 60,000.
  • JPMorgan Chase is the official sponsor of the US Open.
  • The Asset Management Division of JPMorgan is the Principal Sponsor of the English Premiership Rugby 7s Series.

Notable former employees


Politics and public service


See also

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