Local expertise. Global resources. Our commitment to Italy.
We have been doing business in Italy for over a century and are a leading provider of financial services in the country, with a local presence dating back to 1928, when Chase opened a representative office. From our offices in Rome and Milan, our clients can receive products and services from the asset and wealth management, commercial banking and corporate and investment bank lines of business.
J.P.Morgan has operated in Europe for nearly 200 years and has a sophisticated local market presence across Europe, the Middle East and Africa (EMEA). Within the region, J.P.Morgan has an unparalleled client base and leadership across the spectrum of financial services products. The regional head office in London is complemented by a strong regional footprint, with offices in all major financial centers.
Globally, through the JPMorgan Chase Foundation, we make philanthropic investments in cities where we have major operations, assisting those at a disadvantage by helping them build better lives for themselves, their families and their communities. Across EMEA, the firm focuses its investment and attention on three pillars: Economic Development, Financial Empowerment and Workforce Readiness.
J.P.Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.As announced in 2020, JPMorgan Chase will deploy $2 billion in philanthropic capital around the world by 2025. We also lead volunteer service activities for employees in local communities by utilizing our many resources, including those that stem from access to capital, economies of scale, global reach and expertise.
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. Below you will find major milestones from the firm’s history in Italy. The institutions listed in the timeline are several examples of the over 1,200 predecessors that make up today’s JPMorgan Chase.
Major milestones in the firm's history in Italy:
- 1915: Banca d’Italia opens its first dollar account with the Guaranty Trust Company of New York.
- 1915:J.P.Morgan & Co. participates in a US$25 million loan for the Italian government which is co-headed by Guaranty Trust Company of New York.
- 1925: J.P.Morgan leads a syndicate offering for US$100 million for the Kingdom of Italy.
- 1927:Italian government confers on J.P.Morgan, Jr. (“Jack”) the Royal Order of the Crown of Italy for his help in stabilizing the Italian lira.
- 1928:Chase National Bank opens a representative office in Rome. It closes during World War II and reopens in 1947.
- 1955-1961:Manufacturers Trust Company opens a representative office in Rome in 1955, and in 1961 Morgan Guaranty Trust Company opens a representative office in Rome.
- 1967:Morgan Guaranty acquires a majority interest in Banca Vonwiller, a prominent private bank in Milan. The Milan bank is renamed Banca Morgan Vonwiller.
- 1969-1970:Chase Manhattan Bank opens a full-service branch in Milan, and in 1970 The First National Bank of Chicago opens a full-service branch in Milan.
- 1971:Chase Manhattan Bank opens a full-service branch in Rome, located in the Palazzo Italia. Chase then opens a full-service branch in Bari.
- 1977:Morgan Guaranty sells its interest in Banca Morgan Vonwiller in late 1976 and opens a banking office in Milan in mid-1977.
- 1978:Morgan Guaranty opens a branch office in Rome and appoints an Italian management team to lead its operations.
- 1979:Manufacturers Hanover acts as manager for a US$450 million syndicate loan for Ente Nazionale per l’Energia Elettrica, Italy’s government-owned electric utility. This is the largest financing ever arranged for an Italian borrower in the U.S. syndicated market.
- 1990:J.P.Morgan becomes the first foreign primary dealer in Italy’s bond market.
- 1992:J.P.Morgan establishes its private banking business in Milan.
- 2016:The firm is the number one international bookrunner for the highest number of IPOs for Italy in the past five years, including the IPOs for Salvatore Ferragamo, Moncler, Ferrari, and Technogym.
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