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  • September 2010 (Revised November 2010)
  • Case
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J.P. Morgan Private Bank: Risk Management during the Financial Crisis 2008-2009

By: Anette Mikes, Clayton S. Rose and Aldo Sesia
  • Format:Print
  • | Pages:17
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Abstract

Mary Erdoes, the CEO of JP Morgan's asset management business, and three colleagues provide insights into risk management issues faced by the firm's private bank during the financial crisis in 2008–2009. The case provides perspective on the philosophy with which they approach risk management, issues of greatest concern, tools and processes used in practice, the benefits and limitations of quantitative models and balance between the use of models and exercising judgment, and lessons learned from the crisis about risk management.

Keywords

Judgments; Financial Crisis; Globalized Firms and Management; Management Analysis, Tools, and Techniques; Risk Management; Mathematical Methods; Banking Industry; United States

Citation

Mikes, Anette, Clayton S. Rose, and Aldo Sesia. "J.P. Morgan Private Bank: Risk Management during the Financial Crisis 2008-2009." Harvard Business School Case 311-003, September 2010. (Revised November 2010.)
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About The Author

Clayton S. Rose

General Management
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Related Work

    • June 2014
    • Faculty Research

    JP Morgan Private Bank: Risk Management during the Financial Crisis 2008-2009

    By: Anette Mikes
Related Work
  • JP Morgan Private Bank: Risk Management during the Financial Crisis 2008-2009 By: Anette Mikes
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