Why I switched out of M&A into fintech at J.P. Morgan

J.P. Morgan Energy investment Banking

Banking Investment / March 4, 2016

2011

J.P. Morgan celebrates the 90th anniversary of the firm’s presence in China.

2010

J.P. Morgan Cazenove becomes a wholly-owned part of J.P. Morgan, having originally operated as a joint venture between J.P. Morgan and the U.K. investment bank Cazenove.

2008 JPMorgan Chase & Co. acquires The Bear Stearns Companies Inc., strengthening its capabilities across a broad range of businesses, including prime brokerage, cash clearing and energy trading globally.
2000

J.P. Morgan merges with The Chase Manhattan Corporation and is named JPMorgan Chase and Co. Four years later, the company merges with Bank One, creating a global financial services leader.

1996 The firm jointly leads the first “century” bond for a sovereign borrower – a 100-year, $100 million issue for the People’s Republic of China.
1990

J.P. Morgan plays an active role in the negotiations with Mexico to restructure nearly $50 billion in medium- and long-term commercial bank debt. A first in the market, the new bonds become known as Brady Bonds.

1989

J.P. Morgan ranks among Fortune’s 50 Best Companies for Minorities. The firm is regularly recognized as a leading employer of women, minorities, and LGBT employees.

1980 Predecessor firm Hambrecht & Quist (H&Q) takes Apple Computer public.
1973

Chase opens a representative office in Moscow, the first Russian presence for a U.S. bank since the 1920s; Chase also becomes the first U.S. correspondent to the Bank of China since the 1949 Chinese revolution.

1968 The firm launches Euroclear, a system for the orderly settlement of transactions in Eurobonds.
1955 Chase National Bank merges with The Bank of the Manhattan Company to form Chase Manhattan Bank.
1929 Two Ohio institutions merge to form City National Bank & Trust, a predecessor of Bank One.
1927

Guaranty Trust Company, a predecessor firm of J.P. Morgan, pioneers the concept of American Depositary Receipts (ADRs), which enables Americans to invest in foreign securities directly on U.S. exchanges.

1915 J.P. Morgan arranges the biggest foreign loan in history – a $500 million Anglo/French loan.
1907

During the financial panic of 1907, J. Pierpont Morgan saves several trust companies and a leading brokerage house from insolvency, bails out New York City, and rescues the New York Stock Exchange.

1906 J.P. Morgan is central to the creation of U.S. Steel, GE and AT&T.
1903

J.P. Morgan & Co. was appointed as fiscal agent for the newly independent Republic of Panama in 1903 and was subsequently selected by the U.S. Treasury Secretary to arrange the transfer of $40 million from the U.S. government to the French Panama Canal Co. This was the largest real estate deal at the time.

1901

J.P. Morgan creates the world’s first billion-dollar corporation by buying out industrialist Andrew Carnegie and combining some 33 companies to create United States Steel.

1895 J. Pierpont Morgan, Sr. becomes senior partner. The New York firm is renamed J.P. Morgan & Co.
1893 J.P. Morgan is primary financier of U.S. railroads.
1871

J. Pierpont Morgan and Philadelphia banker Anthony Drexel form a private merchant banking partnership in New York called Drexel, Morgan & Co. This is the earliest partnership that evolves into J.P. Morgan.

1848 The Waterbury Bank opens, a predecessor of the Chase Manhattan Bank.
1824 The Chemical Bank is established.
1799

Source: www.jpmorgan.com