MANILA, Philippines—JPMorgan Chase & Co., the leading global financial services firm, donated a total of $672,782 or approximately P32.3 million to its own employees and various organizations, including the Philippine National Red Cross, World Vision International and Habitat for Humanity to assist in recovery and relief operations for flood victims of Typhoons “Ondoy” and “Pepeng.”
The firm also responded immediately to the crisis by raising cash through local and regional fund-raising campaigns. It mobilized staff to act as volunteers in emergency assistance activities such as packaging of supplies and relief goods, and distribution of these basic necessities to areas most affected. This was done in partnership with various charitable institutions.
JPMorgan Chase & Co. and its affiliate, the JPMorgan Foundation, provided financial aid to victims and colleagues who had lost homes and belongings through an account that was set up to accept donations from the firm’s global offices. Counseling and other services were also provided to the local staff through the Employee Assistance Program.
Roberto L. Panlilio, Managing Director and Senior Country Officer said: “Our firm and its staff have always offered tremendous support in times of crisis in our country. We thank our colleagues around the world for their generous donations and rapid responses to our call for assistance for the entire Filipino community and for our own colleagues. Our firm’s efforts are fine examples of caring for our employees and the communities we operate in, especially during times of need. JPMorgan Chase & Co. remains committed to providing our resources and expertise where most needed.”
Barry E. Marshall, JPMorgan Chase & Co. Senior Country Operations Officer added: “Thousands of lives were affected by this disaster. Our thoughts and prayers go out to all of our employees, their families and the entire Philippine community as relief efforts continues throughout the country. I stand amazed and humbled by the resilience and perseverance of our staff who overcame incredible obstacles to keep our operations up and running. Moreover, our staff’s thoughtfulness and generosity towards their colleagues and to all those affected demonstrate their commitment to giving back to their communities. Our people are truly ‘First Class’!”
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. In Asia Pacific, JPMorgan operates through 26 offices in 15 countries and has developed its wholesale banking franchise during a history of almost 160 years in the region. More information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
JPMorgan began operations in the Philippines in 1961 with a representative office. Since then, the firm has expanded its presence into a fully integrated franchise, comprising Investment Banking, Treasury and Securities Services, Equity Sales and Research and Trading operations. JPMorgan has a number of legal entities operating in the country, including the Manila branch of the bank, which has a commercial banking license as well as a derivatives license, and a securities company with a seat on the Philippine Stock Exchange. JPMorgan Chase & Co. is also rapidly expanding its Global Service Center to provide services for the firm’s various lines of business and support its customers and clients around the world.
