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France
J.P. Morgan in France
Local expertise. Global resources. Our commitment to France.
As the oldest U.S. bank in France, our roots in the country run deep. Since 1868 we have served our clients and local communities in France in good and tough times – from helping citizens take part in the country’s economic growth to supporting the Allies during WWI. Today, our work continues to matter and have impact – we help local communities achieve their dreams by lifting up individuals; small, medium, and large companies; schools; hospitals; and governments. In Paris, we offer our clients investment banking, access to credit and rates markets, equity brokerage, private banking, investment management and treasury and securities services. Our firm has the largest presence of any U.S. bank in France, employs 900 people in the country and we continue to grow.
J.P. Morgan is committed to operating a healthy and vibrant company that plays a leading role in advancing a sustainable and inclusive economy. As a global financial institution, we work every day to apply our unique expertise, insights, and resources to help address economic and societal challenges facing our clients, employees, and communities. This isn’t just the right thing to do – it also makes good business sense and supports the firm’s work in France and around the world.
We are making significant and impactful philanthropic and business commitments, which in many cases are supported by employee volunteer efforts and complement the priorities of the French government. At the center of this work is our $30 million philanthropic commitment to Greater Paris. Launched at the end of 2018, this investment is focused on connecting individuals and entrepreneurs to economic opportunities linked to the Olympic and Paralympic Games and the large infrastructural work with the Grand Paris Express, as well as enabling transformative impact by strengthening and scaling the local eco system of support.
Our Local History
With a legacy dating back to 1799, we have a history of demonstrating leadership during times of both economic growth and financial instability.
- 2021 : J.P. Morgan opens a new building at 21 Place du Marché-Saint-Honoré, near Place Vendôme, inaugurated by the Chairman and CEO of JPMorgan Chase & Co Jamie Dimon. More than 400 staff members of more than 40 different nationalities, mostly specialized in sales and trading, join the Paris office.
- 2018 : J.P. Morgan is committed to investing $30 million over five years to create new economic opportunities in Greater Paris. Launched in November 2018 as part of AdvancingCities Paris program, this initiative mainly focuses on Seine-Saint-Denis department and other surrounding areas particularly affected by unemployment and social precarity.
- 1993 : J.P. Morgan completes a full-scale renovation of 14, Place Vendome. The renovation modernizes the building’s infrastructure to facilitate installation of new technology and building systems and restores its antique ceiling murals, gilded moldings, and parquet floors.
- 1959 : J.P. Morgan & Co. merges with Guaranty Trust Company of New York to become Morgan Guaranty, consolidating operations of Morgan & Cie Inc. with those of the Guaranty Trust Company’s Paris office.
- 1945 : Morgan & Cie incorporates after 77 years as a partnership.
- 1929 : Guaranty Trust office moves to 4, Place de la Concorde, where it occupies the Hotel Coislin.
- 1928 : Chase National Bank (a firm predecessor) opens a representative office in Paris.
- 1927 : Morgan Harjes & Co. is renamed Morgan & Cie.
- 1927 : Central Union Trust Co. (a firm predecessor) opens a representative office at 22, Place Vendome.
- 1919 : Morgan Harjes, J.P. Morgan’s Paris partnership, officially occupies 14, Place Vendome.
- 1917 : Guaranty Trust Company of New York (a firm predecessor) opens Paris office at 1 and 3 Rue des Italiens.
- 1916 : 14, Place Vendome is bought by J.P.Morgan & Co. The building was designed by architect Jules Mansard and erected in the late 17th century. The façade is now designated a national monument.
- 1915 : During WWI, J.P. Morgan & Co.in New York arranges the largest foreign loan in Wall Street history – a $500 million dollar Anglo-French loan – and acts as purchasing agent in the United States for the Allies. In this capacity, J.P. Morgan places over $3 billion worth of contracts with American suppliers.
- 1910 : Equitable Trust Company of New York (a firm predecessor) opens its Paris branch on the Rue de la Paix, becoming the first American bank branch on the European continent.
- 1895 : J.P. Morgan & Co. succeeds to a 100% interest in Drexel Harjes & Co. of Paris and changes the name to Morgan Harjes & Co. J. Pierpont Morgan is now senior partner of the firm.1870: Junius Morgan, J. Pierpont Morgan’s father and senior partner of J.S. Morgan & Co. in London, sponsors a FF250 million loan for the French government during the Franco-Prussian War. This catapults J.S. Morgan & Co. into the ranks of the world’s preeminent private banks.
- 1868 : Anthony Drexel, a Philadelphia banker, opens Drexel Harjes & Co. at 83 rue Scribe. Drexel Harjes operates as a partnership and serves as the Paris branch of Drexel’s Philadelphia firm, Drexel & Co. J. Pierpont Morgan later becomes a partner.
Contact:
J.P. Morgan France
14, Place Vendôme, 75001 Paris, France
+33 (0)1 40 15 45 00
Communications / Media Relations:
Anne Roppé
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