JPMorgan Chase & Co. to Help One Million Women Make Saving a Priority
October 03 2019 - 12:00PM
Business Wire
Call to action will launch at the firm’s annual
Women on the Move Leadership Day with 10,000 employees and
clients
In advance of its fourth annual Women on the
Move Leadership Day, JPMorgan Chase & Co. (NYSE: JPM) is
calling for one million women to commit to boosting their financial
health by automatically saving through Chase.com. The effort is
part of the firmwide Women on the Move initiative that began in
2013 and now has more than 40,000 employees in 22 countries
participating.
Women on the Move scaled beyond JPMorgan Chase employees last
year to include client and community outreach. Hundreds of events
happen locally to bring women together, most recently in Seattle
last month, where 350 female clients got a surprise visit from
JPMorgan Chase Chairman and CEO Jamie Dimon. On Monday, October 7,
an estimated 10,000 employees and clients will participate in an
all-day conference at Radio City Music Hall and via global webcast,
with speakers ranging from Dimon and Condoleezza Rice to Abby
Wambach, Lindsey Vonn, and author Eve Rodsky. The public can follow
JPMorgan Chase social channels for live updates tagging #powerHER
and visit www.jpmorganchase.com/WOTM for more.
“We’ve seen great momentum behind Women on the Move all year and
around the world,” said Sam Saperstein, managing director of the
global initiative. “I’m excited for Leadership Day to announce
progress on Women on the Move’s targeted goals to ensure we are
making a difference for women that can be seen, felt, and
counted.”
Women on the Move has three focus areas, which the firm’s
businesses, people and philanthropic teams collaborate to:
- Expand women-owned businesses to help women start and
grow companies through banking, credit and the firm’s philanthropic
investments. Last year, the firm pledged to lend $10 billion in new
credit to women-led businesses in the U.S. from 2019 through the
end of 2021. As of June 30, it is ahead of pace with nearly $2
billion in new loans and lines of credit extended. “Supporting
women in business isn’t just the right thing to do, it’s an
important engine of broader economic growth,” said Jennifer
Roberts, CEO of Chase Business Banking. “Women on the Move directly
supports our mission to be the most recommended financial partner
for business owners in our communities as they start, run, and grow
their business.”
- Improve women’s financial health by providing tools and
education to support women and their families. Through a series of
branch-based Chase Chats and Currency Conversations in partnership
with Essence, Chase is providing more resources than ever to help
consumers wisely spend, save, borrow and invest. In addition, new
tools such as Credit Journey and the Chase Autosave rules on the
Chase Mobile app or Chase.com help consumers with simple steps to
take control of their finances. The goal is to have one million
women enroll in Autosave by mid-2020. “Getting into the habit of
savings is one of the most powerful ways a woman can build
financial health for her and for her family,” said Thasunda Brown
Duckett, CEO of Chase Consumer Banking. “We want to help women feel
confident about their futures, become resilient, and build wealth
to support their goals and dreams.”
- Empower women’s career growth by hiring, developing and
promoting more women and making JPMorgan Chase an exceptional place
for women to work. In the past year, a record number of women were
promoted at multiple levels firmwide. “Supporting the growth of
women’s careers at JPMorgan Chase isn’t just a job for female
leaders,” said Robin Leopold, Global Head of Human Resources for
JPMorgan Chase. “We’re all focused on providing an inclusive
culture, growth opportunities, coaching and training, and
family-friendly policies and benefits.”
JPMorgan Chase & Co. (NYSE: JPM) is a leading global
financial services firm with assets of $2.7 trillion and operations
worldwide. The Firm is a leader in investment banking, financial
services for consumers and small businesses, commercial banking,
financial transaction processing, and asset management. A component
of the Dow Jones Industrial Average, JPMorgan Chase & Co.
serves millions of customers 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20191003005576/en/
Media: Mary Jane Rogers - 602-332-1215,
maryjane.h.rogers@chase.com Jennifer Zuccarelli – 212-270-8504,
jennifer.r.zuccarelli@jpmorgan.com
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