Question

how does jp morgan chase use departmentalization as a management concept

Answer 1

Jp Morgan's Management Structure

JP Morgan Chase & Co. , incorporated in 1968, is a financial holding company. The Company is a global financial services firm and a banking institution in the United States, with global operations. It is the largest bank in the United States by assets. It is a major provider of financial services and has a long history.

JP Morgan Chase & Co. undergoes a series of mergers, is the result of the combination of several large U.S. Companies over the last decade including Chase Manhattan Bank, Bank One, Bear Stearns and Washington Mutual, its predecessors include major banking firms among which are Chemical Bank, Manufactures Hanover, First Chicago Bank,National Bank of Detroit, Texas Commerce Bank, Providian Financial and Great Western Bank and Each merger brings about great benefit. The corporation has six main businesses,Investment Bank (IB), Commercial Banking (CB), Treasury & Securities Services (TSS) and Asset Management (AM) segments,the Retail Financial Services (RFS) and Card Services & Auto (Card), these constitute the biggest global financial service. So JP Morgan adopt more than one structure, they are division structure, gergraphic structure and customer structure.

Management Structure of JP Morgan Chase & Co.

JPMorgan Chase & Co. is an American multinational banking corporation of securities, investments and retail. It is the largest bank in the United States by assets.It is a major provider of financial services, with assets of $2 trillion and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.

In JP Morgan's development history, it has merger with many banks. Each merger expands its business scope and enhances all-round capabilities. Now, the corporation's covering business in over 100 countries. But mergers does not change their management structure. Because JP Morgan is a global financial services with six main business segments and other administration departments, so they adopt combination structure, includes divisional structure, geographic structure and customer structure.