The Champions League of investment banking
How we calculated the investment banking Champions League table
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Director of football: Jamie Dimon
Age: 50
Appointed: 2004
Value added: 9.9% pa (15th)
Chop rating: 3/5
Dimon has a reputation as perhaps the toughest manager in the game. He’s going nowhere, but mixed performance of the investment bank casts regular doubt on the positions of head coaches Bill Winters and Steve Black
Head coaches: Bill Winters (44, 2004) and Steve Black (53, 2004) |
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Star players: Patrik Edsparr, head of rates, structured finance and prop trading, has a lot of fans within the firm. Extremely well regarded as a safe pair of hands
Rising star: Viswas Raghavan, the head of international capital markets and only 40 years old. A nuclear scientist by training, he’s seen as the leader of a new generation of innovative practitioners at the firm that helped create the global credit markets
Weakest link: What JPMorgan needs more than anything else is a period of stability. The repercussions of the Chase and BankOne mergers are still felt. Over the past five years a gilded generation of managers has left. And staff still need to be convinced that retail-banking mastermind Dimon really does want an investment banking business. |
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Key transfers 2006:
IN: Ghassan Abdul Karim (head of Middle East and North Africa, from Goldman Sachs); David Lowman (head of consumer finance, from Citigroup)
OUT: David Puth (head of currencies, commodities and emerging markets); Fawzi Kyriakos-Saad (head of European credit and rates, to Credit Suisse); Aziz Nahas (global head of proprietary trading, to Dillon Read Capital Management); Robert Kindler (global head of M&A, to Morgan Stanley) |
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2006 capital markets performance (▼/▲ 2005)
Overall fees: $4,195mln (+28.3%) 3rd (no move)
DCM: $1,407.3mln (+21%) 2nd (▲1)
ECM: $1,081.2mln (+36.5%) 6th (no move)
M&A: $1,706.2mln (+29.9%) 2nd (▲1)
FX market share: 3.89% (-1.4%) 8th (▼1)
Rankings 2006:
Return on equity: 12% (16th)
Growth of earnings: 71% (2nd)
Market cap: $167.6bln (3rd)
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Champions League position 2006: 3rd
If JPMorgan were a Champions League team it would be: Manchester United. Intimidating manager looks as if he is starting to restore the firm to some of its former glories. But JPMorgan has promised much more than it has delivered in recent years |
