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J.P. Morgan's founder is J. Pierpont Morgan.His father, Junius Spencer Morgan, was in the merchant banking business in London from 1854 until his death in 1890. In 1873, the Scottish American Investment Trust, a predecessor firm (Robert Fleming & Co. was sold to Chase Manhattan in 2000), was formed.
The investment banking business entered into a joint venture with JPMorgan Chase in 2004, and the fund management business Cazenove Capital Management spun off in 2005. In 2009, JPMorgan Chase acquired the remainder of the investment banking business. Cazenove Capital Management was acquired by Schroders in 2013.
J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. . Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, one of the largest banking institutions in the
The company was established as the United British Securities Trust in 1887, became the Fleming Overseas Investment Trust in 1982, went on to be the JPMorgan Fleming Overseas Investment Trust in 2002, and then became JP Morgan Overseas Investment Trust in 2006 before adopted its current name in 2016. [4]
Consequent to the Glass–Steagall Legislation of 1933 J. P. Morgan & Co. had to choose between being a commercial or an investment bank. The partners chose the former and as a result were required to relinquish their controlling interest in Morgan Grenfell which was to continue to conduct both lending and investment banking business.
In 1935, after being barred from the securities business for over a year, the heads of J.P. Morgan spun off its investment-banking operations. Led by J.P. Morgan partners, Henry S. Morgan (son of Jack Morgan and grandson of J. Pierpont Morgan) and Harold Stanley, Morgan Stanley was founded on September 16, 1935, with $6.6 million of nonvoting ...
JPMorgan European Discovery (LSE: JEDT) is a large British investment trust, dedicated to investments in smaller European companies. [1] The Chairman is Carolan Dobson. [ 2 ] It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index .
This list of investment banks notes full-service banks, financial conglomerates, independent investment banks, private placement firms and notable acquired, merged, or bankrupt investment banks. As an industry it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique market (specialized businesses).