JPMorgan Investment-Bank Pay Pool Falls to $341,552 Per Person

Posted: January 14th, 2012 | Author: | Filed under: News | Tags: , , , , | No Comments »

JPMJPMorgan Chase & Co.’s investment bank cut employee compensation 9 percent to $8.88 billion in 2011 as the division generated 0.2 percent more revenue last year.

The expense, which includes salaries, bonuses and benefits, was enough to give each of the unit’s 25,999 employees an average of $341,552, according to figures posted today on the New York-based company’s website. The division set aside $9.73 billion in 2010 to pay traders, dealmakers and other personnel, or $369,651 for each of the 26,314 people on staff (JPM) at the end of that year.

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JP Morgan to re-open equity brokerage in Pakistan

Posted: October 17th, 2006 | Author: | Filed under: News | Tags: , , , , , | No Comments »

JP Morgan is planning to re-open its equity business in Pakistan, the first foreign brokerage to return since they abandoned the South Asian nation in the early 2000s, sources familiar with the development said.

The No.3 US bank shut its Pakistan equity broking arm five years ago as part of a consolidation plan. “JPMorgan will be opening an equity platform in Pakistan along with equity and economic research,” said a market source with knowledge of the development.

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