Part I:
The J. P. Morgan Chase & Company Corporation remains an exceptionally influential conglomerate of a bank and loan company even today, but its tremendous power developed partially through J. P. Morgan’s own hard work and dedication. John Pierpont Morgan, the gentleman’s unabbreviated title, was the son of a particularly successful financier. He was born on the seventeenth of April in 1837. Morgan was educated in Boston and Germany, and he trained intensely as an accountant for the New York banking firm known as Duncan, Sherman and Company. It was in 1867 that Morgan transferred to his father’s banking company, and only ten years later he became an influential partner in Drexel, Morgan and Company. Approximately seven years later, the company was renamed J. P. Morgan and Company, and it would go on to become one of the most important banking houses in the entire world.
The merger of the Chase Manhattan Corporation with the J. P. Morgan & Company Incorporated was completed on December 31, 2000. The resulting name for the company, J. P. Morgan Chase & Company, truly displays the harmony in the unison between the two firms, both of which have played extremely significant roles in global finance. In basic terms, the wholesale businesses operate globally under the J. P. Morgan name. Clients include the world’s most prominent corporations, governments, wealthy individuals, and institutional investors. The retail finance services franchise operates under the Chase brand. Customers include up to thirty million individuals and small business across the United States.
The Term Paper on Service Industry Company Manufacturing Corporation
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Part II:
Since the J. P. Morgan Chase and Company Corporation was merged so recently, it can easily be said to have the energy and innovation of a new company coupled with the bountiful experience and heritage of an aged one. Chase can trace its roots back over two-hundred years. However, the company itself is, in actuality, only four years old. Bringing together the best of three heritage firms, Chase executives have pride in the company and the future.
Indeed, the recent merge of J. P. Morgan and Chase and other corporations have made the resulting company extremely powerful, and perhaps even more so than ever before. J. P. Morgan is one of the world’s premier investment banks as measured by client franchise, product breadth, geographic reach and size. This unique financial services firm was created by gradually combining, in 1999 and 2000, the expertise and specialization of five predecessor firms: J. P. Morgan & Company, The Chase Manhattan Bank, Hambrecht & Quist, Robert Fleming Ltd., and The Beacon Group.
Central to J. P. Morgan’s business model is its “360º relationship” with clients. This approach calls for strategic, long-term relationships with corporations, financial institutions, governments and institutional investors. Combining the best of a commercial bank and the best of an investment bank, the firm focuses on being a trusted advisor on corporate strategy and structure, raising and placing capital, making markets in a broad range of financial instruments, designing cutting edge risk management solutions and offering treasury and securities services.
J. P. Morgan’s market presence spans across more than 50 countries, and embraces Old Economy as well as New Economy industries. Such breadth enables the firm to offer clients truly individualized solutions synthesizing industry knowledge, product proficiency and geographic expertise.
