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In 1996, she joined J.P. Morgan Asset Management as the head of fixed income, aged 29, advising high-net-worth individuals, foundations, and endowments. [12] From March 2005 to September 2009, she was the CEO of J.P. Morgan's Private Bank, their high-end wealth management unit. [ 7 ]
Under Dimon, JPMorgan Chase reached a then-record $13 billion settlement ($11 billion of which was tax deductible) with the US government, which was the second largest (behind Bank of America's $16.65 billion settlement) in relation to the mis-selling of mortgage-backed securities in the years leading up to the 2007–2008 financial crisis.
In 2014, Lee left J.P Morgan to start his own research boutique advisory firm, Fundstrat Global Advisors. [4] [5] Lee currently serves as the Head of Research for Fundstrat Global Advisors and is an advisor to NewEdge Wealth, a CT-based wealth management firm. [6] Lee also sits on the board of directors of the New York Asian Film Festival. [7]
Since the 1990s, CEO compensation in the U.S. has outpaced corporate profits, economic growth and the average compensation of all workers. Between 1980 and 2004, Mutual Fund founder John Bogle estimates total CEO compensation grew 8.5 per cent/year compared to corporate profit growth of 2.9 per cent/year and per capita income growth of 3.1 per cent.
Lee led the J.P. Morgan teams that executed the $25 billion Alibaba Group IPO, the largest IPO in history; [9] the $23 billion General Motors IPO, the second largest U.S. IPO; [10] and the $41 billion common stock sale of the U.S. Treasury’s ownership of AIG, resulting from the U.S. Government's bailout of the company. [11]
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In 1962, the Chartered Financial Analyst (CFA) designation and code of conduct were established. In 1963, the profession was formalized when 284 candidates sat for the first CFA exam and 268 CFA charters were awarded. [9] [10] The following year, all 3 levels of the exam were administered to more than 1,700 candidates. [8]
Scenes were filmed in and around the New York Stock Exchange, with the J.P. Morgan Building at Wall Street and Broad Street standing in for the Exchange. [ 108 ] The 2013 film The Wolf of Wall Street is a dark comedy about Jordan Belfort , a New York stockbroker who ran Stratton Oakmont , a firm from Lake Success, New York , that engaged in ...