- WIB PH
A pillar of stability on JPMorgan Chase's 12-member operating committee, Mary Callahan Erdoes runs the asset management division with a sharp eye for talent and a calm appraisal of the company's recent run-ins with regulators.
September 18
JPMorgan Chase's Mary Callahan Erdoes, celebrated Thursday evening as American Banker's
Asked Monday by a customs agent about where she was from and what she did, Erdoes, who oversees more than $2 trillion as head of her company's asset-management division, elicited some disparaging comments on the state of the U.S. government and her chosen profession. Then she was asked who she worked for.
"Lady," the agent told her upon learning she worked for JPMorgan, "you got a lot going on."
Initially put off by the exchange, Erdoes quickly came to view it as an "a-ha" moment.
"I walked away with this somewhat funny feeling," she told the crowd of 675 colleagues, peers and supporters in a packed ballroom at New York's Waldorf Astoria hotel. "And then I thought to myself ... I shouldn't have a funny feeling. I live in one of the greatest countries in the world. I'm so proud to be a banker. I'm so proud to work at JPMorgan."
A veteran at the nation's largest bank, Erdoes has spent the last four years overseeing more than $2 trillion in assets as CEO of JPMorgan Asset Management. Her group frequently tops
In addition to a string of recent settlements, the bank is reportedly facing a record
"We spend a lot of time with the regulators and they work very closely with our business. We have a great relationship with all of them," Erdoes told American Banker in an
During her speech Thursday, Erdoes cited expertise, passion and working for a company that fosters equality as the keys to being a successful woman in banking.
"I was promoted in the middle of three different pregnancies," she said, before mentioning that JPMorgan had six other women being honored that night on American Banker's lists of the 2
Lake, No. 3 on American Banker's
"[She's] at home preparing for tomorrow's earnings," Erdoes said.