How To Manage $4 Trillion With Mary Callahan Erdoes
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There’s never been a better time for women leaders than now. That’s what Mary Callahan Erdoes believes as the opportunity for remote and online work has provided the flexibility for family time and career growth. As the CEO of J.P. Morgan’s Asset and Wealth Management, she has brought one of the largest and most reliable investment banks to $4 trillion in client assets. Philanthropy is also close to her heart as she serves as a board member of New York City’s Robin Hood Foundation. Mary Callahan Erdoes joins Willy Walker on this week’s Walker Webcast as she gives her two cents on the unpredictability of the global market, her advice on investing in cryptocurrency, how more competition keeps the economy booming, and her close working ties with CEO Jamie Dimon. She emphasizes appreciating and recognizing both one’s milestones and empty tombstones – as any downturn is a chance to reevaluate methods and strategies. This optimistic outlook has set J.P. Morgan to be ready in handling any catastrophic situation. “Our job is to always prepare for the worst and hope for the best,” she adds. “If you do it the other way around, you’re going to get yourself in big trouble. That’s how we’re wired.” Diversity and inclusion have always been a priority for Mary Callahan Erdoes. J.P. Morgan’s efforts in investing in low-income housing and more poverty-stricken areas and opening doors to recruiting a wide slate of talent prove their stance on making a bigger difference in today’s work culture and society. Tune in to this new episode of the Walker Webcast — How to Manage $4 Trillion with Mary Callahan Erdoes, J.P. Morgan Asset & Wealth Management CEO. ▶️ Key Points In The Webcast: 00:00 Welcome to the show, Mary Callahan Erdoes! 02:22 The underlying sentiments about the global market 05:52 Mary’s hopeful outlook on the recent surge of worldwide issues 10:13 The unpredictability of drastically higher rates and volatile markets 13:12 J.P. Morgan’s efforts in sustainable and environmentally-friendly construction 16:08 How J.P. Morgan plans to tackle the Russia crisis 19:22 The “don’t do nothing” strategy contributing to JP Morgan’s $3 trillion-growth 24:13 Dispersion of returns and varied portfolios 26:32 Measuring success through asset retention 30:09 J.P. Morgan’s one-team approach 31:35 The importance of competition in the market 34:53 Capitalization and the future investment conversation 37:21 Mary’s viewpoint on increased capital in the non-bank sector 42:25 J.P. Morgan’s stance on cryptocurrency 44:36 J.P. Morgan’s initiatives on diversity and inclusion 48:25 The digital age becoming more women-inclusive for leadership roles 53:41 Mary’s main takeaways from working with Jamie Dimon, American Billionaire Businessman and Banker GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ RELATED WEBCASTS: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share wisdom that cuts across industry lines.