JP Morgan Chase 2013 Annual Report Download - page 53
Download and view the complete annual report
Please find page 53 of the 2013 JP Morgan Chase annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1
-
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
-
279
-
280
-
281
-
282
-
283
-
284
-
285
-
286
-
287
-
288
-
289
-
290
-
291
-
292
-
293
-
294
-
295
-
296
-
297
-
298
-
299
-
300
-
301
-
302
-
303
-
304
-
305
-
306
-
307
-
308
-
309
-
310
-
311
-
312
-
313
-
314
-
315
-
316
-
317
-
318
-
319
-
320
-
321
-
322
-
323
-
324
-
325
-
326
-
327
-
328
-
329
-
330
-
331
-
332
-
333
-
334
-
335
-
336
-
337
-
338
-
339
-
340
-
341
-
342
-
343
-
344
51
Global Health Investment Fund
Emergingscienticandtechnologicaladvancesholdgreathopefor
addressinginfectiousdiseasesandmedicalconditionsthatkillmillionsof
peopleeveryyear,mainlyinlow-incomecountries.Butbreakthroughs
cansavelivesonlyifthesenewdevelopmentsmakeitoutofclinical
trialsandintothemarketplace.Andthatrequiresnancing.Fillingthat
needisthenew$108millionGlobal Health Investment Fund (GHIF)
fromJPMorganChaseandtheBill&MelindaGatesFoundation.
TheGHIFisauniquevehiclethatwasstructuredtoattractinvestment
capitalasanalternativetogrant-basedfundingforglobalhealth,
buildinguponresearchanddevelopmentexecutedbyvisionary
philanthropists,sovereigndonorsandindustryleadersoverthepast
decade.TheGHIFisintendedtoactasapilotbothtoattractmorecapital
ofthisnatureintotheglobalhealthsectorandtoserveasamodelfor
deliveringimpactviainvestmentinothersectors.
TheGHIFbringstogetheradiversepoolofinvestorstoprovide
nancingtoadvancethedevelopmentofdrugs,vaccines,diagnostics
andotherinterventionsagainstdiseasesthatdisproportionatelyburden
low-incomecountrieswhileatthesametimeseekanancialreturnfor
investors.Thesocialimpactofthefundwillbeachievedbyfocusing
investmentsondiseasesliketuberculosis,malaria,HIVanddiarrheaand
onconditionsthatcontributetomaternalandinfantmortality;
investmentswillalsoincluderequirementstoensuretheaccessibilityof
productstothepopulationsmostinneed.Financialreturnswillbelinked
tocommercialsuccessindevelopedcountrymarkets,whileinvestors’
downsideislimitedbyapartialbackstopprovidedbytheBill&Melinda
GatesFoundationandtheSwedishgovernment.Thisstructureallows
individualinvestors,corporations,privatefoundations,development
nanceinstitutionsandotherstocometogetheraroundtheshared
objectiveofensuringthatcutting-edgeglobalhealthtechnologiesreach
thepopulationsmostinneed.
New Skills at Work
Helpingpeoplegaintheskillstheyneedtocompeteforjobscan
transformlives—andstrengtheneconomies.That’swhyJPMorganChase
launchedNew Skills at Work, a$250million,ve-yearinitiativeaimed
athelpinginformandaccelerateeortstodevelopademand-driven
approachtoeducationandskillstraining.
Thenumbersseemcontradictory:Unemploymentishighacrossthe
globe,yetrecentdatarevealthatemployersarehavingtroublending
workerswhoaretrainedforthejobsthatareavailable,particularlyin
middle-skilljobs—thosejobsthatrequiremorethanahighschoolbut
lessthanafour-yeardegree.Aroundtheworld,employers,educators,
policymakers,trainingorganizationsandothershaverecognizedthe
criticalimportanceoftacklingthisskillsgap.JPMorganChasebelieves
doingsocanbeoneofourmostpowerfultoolsforreducing
unemployment,strengtheningeconomiesandcreatingmorebroadly
sharedprosperity.
NewSkillsatWork, thelargest-everprivatesectorphilanthropiceort
inthisarea,willhelpaddresstheskillsgapby:
• Encouraging industry collaboration:Conveningpeoplefromacross
sectorstoshareexperiencesandformulatestrategiesforbuilding
demand-drivenworkforcetrainingsystems
• Investing in training programs:Makingtargetedinvestmentsto
strengthenandscalethemosteectiveworkforcetrainingprograms
• Improving data:Sponsoringdata-drivenanalysisofskillsdemand
andsupplygapsinlocalmarkets
JPMorganChasehasidentiedaninitialsetofbest-in-classpartner
organizations,andwewilladdnewlocalandregionalpartnersin2014.
OurnationalpartnersintheU.S.includetheAspenInstitute’sForumfor
CommunitySolutions,JobsfortheFuture,NationalAcademyFoundation,
NationalFundforWorkforceSolutions,YearUpandYouthBuildUSA,
andintheU.K.,theyincludetheInstituteforPublicPolicyResearch
andParticiple.