The House of Dimon
J.P. Morgan offers a host of investment banking services,
including M&A, corporate finance, capital markets, sales and
trading, research, prime brokerage, and risk management. The
investment bank is part of New York-based JPMorgan Chase & Co.,
a financial services firm with trillions of dollars in assets and
more than 250,000 employees. JPMorgan Chase provides
investment banking, financial services, small business and
commercial banking, financial transaction processing, asset
management, and private equity services to clients across the
globe. J.P. Morgan's storied history, which includes several
mergers, extends back to 1799, when the New York State Legislature
chartered The Manhattan Company to supply "pure and wholesome"
water to the citizens of New York City. J.P. Morgan also has
European roots. When J. Pierpont Morgan established J.P.
Morgan & Co. in New York in 1871, the bank initially served as
a New York sales and distribution office for his father's firm,
J.S. Morgan & Co., an underwriter of European
securities. In 2000, the Chase Manhattan Bank merged with J.P.
Morgan & Co., and in 2004, Bank One and JPMorgan Chase joined
forces, with the CEO of Bank One, Jamie Dimon, taking over the
combined firm's reins. More recently, in 2008, JPMorgan Chase
famously picked up its ailing competitor Bear
Stearns. Although J.P. Morgan weathered the financial crisis
better than most of its peers and has $2.3 trillion in assets, a
2012 trading loss in excess of an estimated $6 billion tarnished
the firm's relatively clean record as of late. In the Asia Pacific
region, J.P. Morgan's beginnings go back to 1872, when the bank's
first office opened in Australia. The firm has been in Hong Kong
and China since the 1920s and Japan in 1940s, and has had a strong
commitment to the region ever since. The firm's regional
headquarters is located in Hong Kong.