The legacy of Tom Labrecque

Why has the merger of Chase and Chemical succeeded while others have not?

Chase: Back in the bulge-bracket

The legacy of Tom Labrecque

Banking’s merger meister

There are two reasons: strategy and implementation Strategically it was a merger of two institutions whose business platforms, both wholesale and retail, were identical, and whose emphasis on diverse earnings streams mirrored each other. Both banks needed to improve market positions – and they did. Strong product leadership and the fact that most of our businesses jumped from number five, six or seven to number one, two or three produced less earnings volatility.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access