JP Morgan Chase 2013 Annual Report Download - page 59

JPMorgan Chase & Co./2013 Annual Report 65
Corporate & Investment Bank
The Corporate & Investment Bank (“CIB”) comprised of
Banking and Markets & Investor Services, offers a broad
suite of investment banking, market-making, prime
brokerage, and treasury and securities products and
services to a global client base of corporations, investors,
financial institutions, government and municipal
entities. Within Banking, the CIB offers a full range of
investment banking products and services in all major
capital markets, including advising on corporate strategy
and structure, capital-raising in equity and debt markets, as
well as loan origination and syndication. Also included in
Banking is Treasury Services, which includes transaction
services, comprised primarily of cash management and
liquidity solutions, and trade finance products. The Markets
& Investor Services segment of the CIB is a global market-
maker in cash securities and derivative instruments, and
also offers sophisticated risk management solutions, prime
brokerage, and research. Markets & Investor Services also
includes the Securities Services business, a leading global
custodian which includes custody, fund accounting and
administration, and securities lending products sold
principally to asset managers, insurance companies and
public and private investment funds.
Commercial Banking
Commercial Banking (“CB”) delivers extensive industry
knowledge, local expertise and dedicated service to U.S.
and U.S. multinational clients, including corporations,
municipalities, financial institutions and nonprofit entities
with annual revenue generally ranging from $20 million to
$2 billion. CB provides financing to real estate investors and
owners. Partnering with the Firm’s other businesses, CB
provides comprehensive financial solutions, including
lending, treasury services, investment banking and asset
management to meet its clients’ domestic and international
financial needs.
Asset Management
Asset Management (“AM”), with client assets of $2.3
trillion, is a global leader in investment and wealth
management. AM clients include institutions, high-net-
worth individuals and retail investors in every major market
throughout the world. AM offers investment management
across all major asset classes including equities, fixed
income, alternatives and money market funds. AM also
offers multi-asset investment management, providing
solutions to a broad range of clients’ investment needs. For
individual investors, AM also provides retirement products
and services, brokerage and banking services including
trusts and estates, loans, mortgages and deposits. The
majority of AM’s client assets are in actively managed
portfolios.
Corporate/Private Equity
The Corporate/Private Equity segment comprises Private
Equity, Treasury and Chief Investment Office (“CIO”) and
Other Corporate, which includes corporate staff units and
expense that is centrally managed. Treasury and CIO are
predominantly responsible for measuring, monitoring,
reporting and managing the Firm’s liquidity, funding and
structural interest rate and foreign exchange risks, as well
as executing the Firm’s capital plan. The major Other
Corporate units include Real Estate, Central Technology,
Legal, Compliance, Finance, Human Resources, Internal
Audit, Risk Management, Oversight & Control, Corporate
Responsibility and various Other Corporate groups. Other
centrally managed expense includes the Firm’s occupancy
and pension-related expense that are subject to allocation
to the businesses.