Mary Callahan Erdoes, chief executive officer of asset management at JPMorgan Chase & Co., poses for a photograph following a Bloomberg Television interview in Davos, Switzerland, on Wednesday, Jan. 20, 2016. World leaders, influential executives, bankers and policy makers attend the 46th annual meeting of the World Economic Forum in Davos from Jan. 20 - 23. Photographer: Simon Dawson/Bloomberg via Getty ImagesSimon Dawson—Bloomberg via Getty Images
- TitleCEO, JPM Asset Management
- AffiliationJPMorgan Chase
- Age50
JPMorgan Chase’s asset and wealth management business, led by Erdoes, hit a record $2.5 trillion in client assets in 2016. In addition to bringing in $12 billion in revenue last year, Erdoes is building out a long-term strategy to serve investors in China, one of the bank’s key markets. As of last September, her division is the first non-Chinese asset management enterprise in Shanghai’s free trade zone. Along with Marianne Lake (No. 24), she continues to be a front-runner to succeed CEO Jamie Dimon.
Personal Information
| Previous Rank | 30 |
| Newcomer? | - |
Company Financials (2016, or most recently completed fiscal year)
| Revenues ($M) | 105,486 |
| Profits ($M) | 24,733 |
| Market Value as of 9/14/17 ($M) | 320076.8 |