Mary Callahan Erdoes
|Mary Callahan Erdoes|
Erdoes at the Financial Times CNBC Davos Nightcap, 26 January 2012
|Born||August 13, 1967|
|Alma mater||Georgetown University
Harvard Business School
|Occupation||Asset Management CEO at JPMorgan Chase & Co.|
|Children||3 daughters: Mia, Morgan & Mason|
Mary Callahan Erdoes is Chief Executive Officer of J.P. Morgan Asset Management (a division of JPMorgan Chase), a global leader in investment management and private banking with more than $2.2 trillion in assets under supervision. In addition to being a member of JPMorgan Chase's Operating and Executive Committees, Erdoes leads the firm's strategic partnership with Highbridge Capital Management and Gávea Investimentos. As of 2014, she is listed as the 66th most powerful woman in the world by Forbes.
Early life and education
Mary Callahan was born on August 13, 1967 to Patricia and Patrick Callahan, Jr. Patrick Callahan was a former partner at investment banking firm Lazard Freres. Erdoes completed her bachelor's degree at Georgetown University, majoring in Mathematics. She was the only woman to complete a Math major at Georgetown at that time. She earned her MBA at Harvard Business School.
She started her career with Stein Roe & Farnham, and credited her maternal grandmother Izzy as instrumental for helping her get that job during college. She described her job there as a "glorified mailroom job". She then moved on to Bankers Trust, where she worked in corporate finance, merchant banking, and high-yield debt underwriting. Before joining J.P. Morgan, she was employed at Meredith, Martin & Kaye, a fixed-income specialty advisory firm, where she was responsible for credit research, trading, and individual portfolio management. In 1996, she joined J.P. Morgan Asset Management as head of fixed income for high-net-worth individuals, foundations and endowments. In March 2005, she was appointed CEO of J.P. Morgan Private Bank. She assumed her current post in September 2009. She has been mentioned as a potential successor to JPMorgan Chase & Co. CEO Jamie Dimon.
In 2012 she was included in the 50 Most Influential list of Bloomberg Markets. In March 2013, Business Insider included Mary on its list of the 25 most powerful women on Wall Street. As of 2014, she is listed as the 66th most powerful woman in the world by Forbes.
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