J.P. Morgan Private Bank
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J.P. Morgan Private Bank Key Employees
Name Job Title
Fast Facts
270 Park Avenue, New York City, New Barry Sommers Chief Executive Officer
Headquarters Address
York, 10017-2014,United States of America
Catherine M. Keating Director
Telephone + 1 800 576 6209
Clive S. Brown Director
Fax N/A
http://www.jpmorgan.com/pages/jpmorgan/p Douglas L. Braunstein Chief Financial Officer
Website
rivate_banking
Douglas Wurth Director
Ticker Symbol, Stock Exchange N/A
Guy Chiarello Chief Information Officer
Number of Employees 3,594
Chief Executive Officer,
James Dimon
Fiscal Year End December Chairperson
Mary Callahan Erdoes Director
Revenue (in US$ million) 5,116
Michael O’Brien Director
Paul T. Bateman Director
SWOT Analysis
Company Overview
Strengths Weaknesses
J.P. Morgan Private Bank is the private banking
Diversified customer base Fee-based business model and wealth management arm of J.P. Morgan
Chase & Co. (J.P. Morgan).. The company’s
Increase in revenues Trading losses in J.P. Morgan core businesses include asset management,
investment banking, private banking, securities
Strong support from the parent
Whistle-blower lawsuit
services, treasury services and commercial
company banking. The company’s private banking
services include investment advice and wealth
Opportunities Threats management services such as liquidity and
Increase in the number of HNWIs Ban on proprietary trading under the credit management and trust and estate
globally Volcker rule planning services. It offers its private banking
services primarily to high-net-worth (HNWIs
New customer group Increase in compliance costs have a net worth of US$1 million or more,
excluding their primary residence) and ultra-
Increasing volatility in interest rate high-net-worth individuals (UHNWIs have a net
Opportunities in acquisition
movements
worth of US$30 million or more, excluding their
primary residence), families, money managers,
business owners and small corporations
worldwide. As of March 31, 2012, J.P. Morgan
Private Bank managed US$303 billion client
assets. The company had historical assets
under management (AuM) figures of US$291
billion as of December 31, 2011, which stood at
US$284 billion as of December 31, 2010, and
US$270 billion as of December 31, 2009. It
operates 64 client offices across the US, Asia,
Europe, Middle East & Africa, and Lati