J.P. Morgan has been serving clients and the local communities in Greater Paris for 150 years. We are proud to be a part of the city’s vibrant economy and recognize that with 1.5 million Greater Paris residents living in neighborhoods with high significant levels of poverty, unemployment and homelessness, we have to do our part in making sure that more people can share in the rewards of the city’s economic growth.
To expand access to opportunity for residents and entrepreneurs in Seine-Saint-Denis, and other communities struggling with poverty and unemployment, J.P. Morgan is investing $30 million over the next five years in Greater Paris as part of AdvancingCities and using lessons learned from investments in Detroit, Chicago and Washington, D.C. J.P. Morgan will collaborate with local nonprofit, government and business leaders to support small business growth and local workforce development initiatives.
- Jamie Dimon, Chairman and CEO, JPMorgan Chase & Co.
Learn more about J.P. Morgan’s long-standing commitment to serving clients and the local communities in France
Jamie Dimon shares the firm’s new commitment with the Financial Times.
J.P. Morgan recently concluded its first Service Corps cohort in Paris.
Anthony Drexel opens Drexel, Harjes & Co., the firm’s earliest predecessor in Paris. Drexel later partners with J. Pierpont Morgan to open Drexel, Morgan & Co. in 1871 in New York.
J. Pierpont Morgan’s father, Junius, provides a 250 million franc loan to the French government during the Franco-Prussian War.
J. Pierpont Morgan becomes senior partner of Drexel Harjes & Co. and changes the name to Morgan Harjes & Co. (later renamed Morgan & Cie).
During World War I, J.P. Morgan & Co.in New York arranges the largest foreign loan in Wall Street history – a $500 million dollar Anglo-French loan – and acts as purchasing agent in the United States for the Allies. In this capacity, J.P. Morgan places over $3 billion worth of contracts with American suppliers.
Anne, J. Pierpont Morgan’s daughter, organizes the American Committee for Devastated France during World War I and provides aid to civilians in war-torn communities.
The firm focuses on the financing of European reconstruction after World War I, underwriting millions of dollars in bond issues and short term credits for France.
Morgan & Cie incorporates after 77 years as a partnership
J.P. Morgan makes its first major philanthropic investments in Greater Paris to tackle youth unemployment.
New Skills at Work initiative expands to Greater Paris to address youth unemployment.
J.P. Morgan launches the Schools Challenge in Greater Paris to provide students from diverse backgrounds with the opportunity to receive mentorship from J.P. Morgan employees, who help them think about potential career paths.
J.P. Morgan reaches milestone of 15,000 participants in training programs to develop the skills they need to succeed in today’s job market.
The Service Corps program expands to Greater Paris to offer the expertise of top-performing employees to local nonprofits and help them maximize their impact in the communities that they serve.
J.P. Morgan commits to investing $30 million over five years in Greater Paris with a focus on areas across Île-de-France that have historically lacked opportunity, such as Seine St. Denis.
Paris is the first philanthropic investment announced as part of AdvancingCities. Separate from J.P. Morgan’s investment in Greater Paris, the AdvancingCities Challenge will make investments of up to $3 million in cities to support creative, collaborative and sustainable solutions to address cross-cutting challenges to help more people benefit from a growing economy.