JPMorgan Chase & Co. Names Bruce McNamer Head of Global Philanthropy and CEO
of the JPMorgan Chase Foundation
Dalila Wilson-Scott Named President of Foundation
NEW YORK -- October 2, 2013
JPMorgan Chase & Co. (NYSE:JPM) announced today that Bruce McNamer will join
the firm as the new Head of Global Philanthropy and Chief Executive Officer of
the JPMorgan Chase Foundation, and Dalila Wilson-Scott has been appointed
President of the Foundation.
JPMorgan Chase has a long history of philanthropy and civic engagement,
utilizing its unique strength and expertise, its global reach and access to
capital to supportclients and communities. Last year, the firm and its
Foundation gave more than $190 million to thousands of nonprofit organizations
across the United States and 37 countries around the world. In 2012, JPMorgan
Chase and the Brookings Institution launched the Global Cities Initiative to
help metropolitan regions become more competitive in the global economy. Last
week, the firm announced the Global Health Investment Fund, structured with
the Bill & Melinda Gates Foundation, which, for the first time, introduces
nearly $100 million of investment capital to support global health research
and development for interventions against diseases that cause millions of
preventable deaths in low-income countries.
“The private sector needs to step up and do its part to address the critical
challenges we face,” said Jamie Dimon, Chairman & CEO of JPMorgan Chase & Co.
“We are thrilled to bring on board a leader with Bruce’s experience and
passionwho canhelp us drive our impact on economic growth and progressin
the communities we serve.”
Peter L. Scher, Executive Vice President and Head of Corporate
Responsibilityof JPMorgan Chase, said, “Our firm has tremendous assets and
expertise to help communities around the world address a range of issues, from
economic growth and workforce readiness to affordable housing and consumer
financial empowerment. The addition of Bruce to our team, along with Dalila’s
continued leadership, will significantly enhanceour efforts.”
"Having spent many years working to build business-based solutions to poverty,
I am thrilled to join JPMorgan Chase as it continues to harness the talents of
its people, its substantial assets and relationships, and its philanthropic
capital to expand economic opportunity and well-being for communities
worldwide," said McNamer.
For the last nine years, McNamer has served as the President and CEO of
TechnoServe, a nonprofit organization that works with people in the developing
world to build competitive farms, businesses and industries. McNamer grew the
organization’s annual revenues from $16 million to over $74 million and drove
its expansion to operations in 30 countries in Africa, Latin America and
India. The number of people benefiting from TechnoServe’s work has increased
from 500,000 in 2004 to nearly 3 million last year. Before joining
TechnoServe, McNamer’s career spanned both the public and private sectors. He
was the founder and a senior executive at several technology startups and
worked as an investment banker at Morgan Stanley and a management consultant
at McKinsey & Company. He was also a White House Fellow at the National
Economic Council and a Peace Corps volunteer in Paraguay. McNamer will join
the firm on November 15.
Wilson-Scott, who has been leading the Foundation since the beginning of the
year, will become the new President of the JPMorgan Chase Foundation. She
brings fourteen years of experience at the firm with over eight years as a
philanthropicleader. Wilson-Scott has recently spearheaded the development of
new initiatives supporting workforce skills development and consumer financial
empowerment. Prior to joining Global Philanthropy, she was in the corporate
merger office and in strategic planningin theconsumer and commercial banking
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm
with assets of $2.4 trillion and operations worldwide. The firm is a leader in
investment banking, financial services for consumers and small businesses,
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. Information about JPMorgan Chase & Co. is
available at www.jpmorganchase.com.
JPMorgan Chase & Co.
Mark Kornblau, 212-270-5651
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