JP Morgan Chase 2010 Annual Report Download - page 91

JPMorgan Chase & Co./2010 Annual Report
91
INTERNATIONAL OPERATIONS
In 2010, the Firm reported approximately $22.2 billion of revenue
involving clients, customers and counterparties residing outside of
the United States. Of that amount, approximately 64% was derived
from Europe/Middle East/Africa (“EMEA”), approximately 26%
from Asia Pacific, approximately 8% from Latin America/Caribbean,
and the balance from other geographies outside the United States.
The Firm is committed to further expanding its wholesale
businesses (IB, AM and TSS) outside the United States and intends
to add additional client-serving bankers, as well as product and
sales support personnel, to address the needs of the Firm’s clients
located in these regions. With a comprehensive and coordinated
international business strategy and growth plan, efforts and
investments for growth will be accelerated and prioritized.
Set forth below are certain key metrics related to the Firm’s
wholesale international operations including, for each of EMEA,
Latin America/Caribbean and Asia Pacific, the number of countries
in each such region in which it operates, front office headcount,
number of clients and selected revenue and balance sheet data. For
additional information regarding international operations, see Note
33 on page 290 of this Annual Report.
Asia Pacific Latin America/
Caribbean EMEA
• 2010 revenue of $5.8 billion
• 2005 – 2010 CAGR: 15%
• Operating in 16 countries in the
region
• 6 new offices opened in 2010
• Headcount of 15,419(a)
• 4,366 front office
• 450+ significant clients(b)
• $49.1 billion in deposits(c)
• $20.6 billion in loans outstanding(d)
• $118 billion in AUM
• 2010 revenue of $1.8 billion
• 2005 – 2010 CAGR: 13%
• Operating in 8 countries in the
region
• 2 new offices opened in 2010
• Headcount of 1,770(a)
• 1,024 front office
• 160+ significant clients(b)
• $1.7 billion in deposits(c)
• $16.5 billion in loans outstanding(d)
• $32 billion in AUM
• 2010 revenue of $14.1 billion
• 2005 – 2010 CAGR: 13%
• Operating in 33 countries in the
region
• 5 new offices opened in 2010
• Headcount of 16,312(a)
• 6,192 front office
• 940+ significant clients(b)
• $135.8 billion in deposits(c)
• $27.9 billion in loans outstanding(d)
• $281 billion in AUM
(a) Total headcount includes employees and, in certain cases, contractors whose functions are considered integral to the operations of the business.
Employees in offshore service centers supporting line of business operations in each region are also included.
(b) Significant clients defined as a company with over $1 million in international revenue in the region (excludes private banking clients).
(c) Deposits reflect average balances and are based on booking location.
(d) Loans outstanding reflect period-end balances, are based on client domicile, and exclude loans held-for-sale and loans carried at fair value.
The following graphs provide the wholesale international revenue and net income for the periods indicated.
(a) Based on wholesale international operations (RFS and CS are excluded from this analysis).