JP Morgan Chase 2013 Annual Report Download - page 51

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• #1Ultra-High-Net-WorthGlobal
PrivateBank,Euromoney
• #1U.S.Mid-CapValueEquity
ManageroftheYear,Institutional
Investor
• #1Non-U.S.EquityGrowth
ManageroftheYear,Institutional
Investor
• #1EquityandFixedIncomePrivate
BankPortfolioManagement,
Euromoney
• #1InstitutionalMoneyMarketFund
ManagerWorldwide, iMoneyNet
• #1U.S.RealEstateMoneyManager,
Pensions & Investments
2013HIGHLIGHTSANDACCOMPLISHMENTS
• #1U.S.andoverallactiveequity
mutualfundows,Strategic
Insight
• TopEuropeanBuysideFirm,
Thomson Reuters Extel
• BestAssetManagementCompany
forAsia,The Asset
• BestPrivateBankinAsia,
WealthBriefing Asia
• Second-largesthedgefund
manager, Absolute Return
clients need us most. We have hired
more than 1,000 advisors globally
since 2009. It’s a virtuous cycle: As
revenue and net income increase,
both provide us with capital to fuel
future growth and strengthen our
infrastructure and coverage of clients
around the world.
Priority #1: Controls
As we continue to invest, we also
are scaling our infrastructure to
ensure we have the appropriate
oversight and controls. We’ve made
great progress in these eorts, which
will remain a top priority in 2014.
We have a strong partnership with
our regulators around the world and
are committed to maintaining a
world-class culture of compliance
and controls.
2014 strategic priorities
Our long-term strategy and approach
mean that many of our priorities
remain consistent with what I have
shared in recent years. Four of our
core focuses continue to be:
• Strong investment performance
across a broad range of products.
• Predictable delivery of nancial
targets.
• Continuous reinvestment into the
business.
• Global enhancement of our clients’
experience.
Deepening our client relationships
In addition, one of our biggest
opportunities in 2014 is deepening
existing client relationships. With
strong performance across our fran-
chise and a best-in-class oering
spanning virtually every product
and region, we want to meet even
more of our clients’ needs. When we
can solve multiple problems for our
clients, it simplifies their lives and
enables them to get more complete
financial solutions.
Sustaining leadership in alternatives
and multi-asset strategies
Innovation also continues to be an
important focus area for us, particu-
larly in alternatives and multi-asset
solutions, where more clients are
turning to find enhanced returns.
We are the second-largest alterna-
tives/absolute return manager
with $207 billion in client assets.
A number of our Alternatives
strategies have exhibited consistent
long-term outperformance, includ-
ing U.S. Core Real Estate, Private
Equity, Multi-Strategy Fund of
Funds and Global Macro. In these
funds, 100% of our assets under
management have outperformed
their benchmark over the three-
and five-year periods.
Above all, we are humbled to have
consistently maintained our clients’
trust and confidence for nearly two
centuries. There’s no greater privi-
lege or responsibility than being
entrusted with a client’s assets,
and we are grateful every day that
clients choose us as their first call.
Mary Callahan Erdoes
CEO, Asset Management