Mary Callahan Erdoes (born August 13, 1967) is Chief Executive Officer of J.P. Morgan Asset & Wealth Management (a division of

JPMorgan Chase JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the ...

), a global leader in investment management and private banking with over $4 trillion in client assets. She is also one of the longest standing members of JPMorgan Chase & Co.'s Operating Committee.

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 Lazard Ltd (formerly known as Lazard Frères & Co.) is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's ...

. Callahan Erdoes was raised in

Winnetka, Illinois Winnetka () is a village in Cook County, Illinois, United States, located north of downtown Chicago. The population was 12,316 as of 2019. The village is one of the wealthiest places in the nation in terms of household income. It was the second- ...

, a North Shore suburb of

Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

. She was raised in a

Roman Catholic Roman or Romans most often refers to: *Rome, the capital city of Italy *Ancient Rome, Roman civilization from 8th century BC to 5th century AD *Roman people, the people of ancient Rome *'' Epistle to the Romans'', shortened to ''Romans'', a lette ...

family of

Irish Irish may refer to: Common meanings * Someone or something of, from, or related to: ** Ireland, an island situated off the north-western coast of continental Europe ***Éire, Irish language name for the isle ** Northern Ireland, a constituent unit ...

descent. Callahan Erdoes is an alumna of the all-girls Roman Catholic

Woodlands Academy of the Sacred Heart Woodlands Academy of the Sacred Heart (''Woodlands'', ''WA'', or ''WASH'') is a private, Roman Catholic girls' high school in Lake Forest, Illinois, north of Chicago. Founded by the Society of the Sacred Heart, it is located in the Roman Catholi ...

Lake Forest, Illinois Lake Forest is a city located in Lake County, Illinois, United States. Per the 2020 census, the population was 19,367. The city is along the shore of Lake Michigan, and is a part of the Chicago metropolitan area and the North Shore. Lake Forest ...

. Erdoes completed her bachelor's degree at

Georgetown University Georgetown University is a private university, private research university in the Georgetown (Washington, D.C.), Georgetown neighborhood of Washington, D.C. Founded by Bishop John Carroll (archbishop of Baltimore), John Carroll in 1789 as Georg ...

, majoring in Mathematics. She was the only woman to complete a mathematics major at Georgetown at that time. She earned her MBA at

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...

Career

Callahan Erdoes started her career with Stein Roe & Farnham, and described her maternal grandmother as instrumental for helping her get that job during college. She described her position there as a "glorified mailroom job". She then moved on to

Bankers Trust Bankers Trust was a historic American banking organization. The bank merged with Alex. Brown & Sons in 1997 before being acquired by Deutsche Bank in 1999. Deutsche Bank sold the Trust and Custody division of Bankers Trust to State Street Corpor ...

, where she worked in corporate finance, merchant banking, and high-yield debt underwriting. Prior to 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 individual High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons whose investible wealth (assets such as stocks and bonds) exceeds a given amount. Typically, these individuals are defined ...

s, 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 James Dimon (; born March 13, 1956) is an American billionaire businessman and banker who has been the chairman and chief executive officer of JPMorgan Chase – the largest of the big four American banks – since 2005. Dimon was previously on ...

. Since 2012, Callahan Erdoes has been included in the 50 Most Influential list of ''

Bloomberg Markets ''Bloomberg Markets'' is a magazine published six times a year by Bloomberg L.P. as part of Bloomberg News. Aimed at global financial professionals, ''Bloomberg Markets'' publishes articles on the people and issues related to global financial mar ...

''. Since March 2013, ''

Business Insider ''Insider'', previously named ''Business Insider'' (''BI''), is an American financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the German publ ...

'' included Callahan Erdoes on its list of the 25 most powerful women on Wall Street. Since 2016, Callahan Erdoes has been named one of the most powerful woman in the world by ''Forbes''. She is a board member of Robin Hood, the U.S. Fund for

UNICEF UNICEF (), originally called the United Nations International Children's Emergency Fund in full, now officially United Nations Children's Fund, is an agency of the United Nations responsible for providing Humanitarianism, humanitarian and Devel ...

. and the U.S.-China Business Council. She also served on the Federal Reserve Bank of New York's Investor Advisory Committee on Financial Markets. Erdoes is also on the Board of Trustees for Georgetown University and on the Global Advisory Boards for the Harvard Business School and

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher le ...

Personal life

Callahan Erdoes met her husband Philip Erdoes at

. While Mrs Erdoes is Catholic, her husband is Jewish. They live in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

with their three daughters : Mia, Morgan and Mason. Her eldest daughter, Mia Erdoes, is a gymnast who competes at UCLA gymnastics team. Callahan Erdoes donates to both the

Democratic Party Democratic Party most often refers to: *Democratic Party (United States) Democratic Party and similar terms may also refer to: Active parties Africa *Botswana Democratic Party *Democratic Party of Equatorial Guinea *Gabonese Democratic Party *Demo ...

and Republican Party. She contributed to the presidential campaigns of

John McCain John Sidney McCain III (August 29, 1936 – August 25, 2018) was an American politician and United States Navy officer who served as a United States senator from Arizona from 1987 until his death in 2018. He previously served two terms ...

and

Mitt Romney Willard Mitt Romney (born March 12, 1947) is an American politician, businessman, and lawyer serving as the junior United States senator from Utah since January 2019, succeeding Orrin Hatch. He served as the 70th governor of Massachusetts f ...

in 2008 and 2012, respectively.

References

{{DEFAULTSORT:Callahan Erdoes, Mary American bankers Businesspeople from New York City People from Winnetka, Illinois People from Chicago 1967 births Living people Harvard Business School alumni JPMorgan Chase people Georgetown College (Georgetown University) alumni American women bankers Schools of the Sacred Heart alumni American women chief executives 20th-century American businesspeople 21st-century American businesspeople American chief executives of financial services companies New York (state) Republicans 20th-century American businesswomen 21st-century American businesswomen