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PrintJan 19, 2009
As part of the firm's commitment to social responsibility, J.P. Morgan's Investment Bank has launched a program that gives employees opportunities to volunteer in the field and use their skills to help fight poverty.
The program enables employees to get involved in microfinance projects designed to improve living conditions and employment opportunities for people in emerging markets.
The Investment Bank initiative will sponsor world-class organizations by giving employees the opportunity to volunteer for short-term microfinance and entrepreneurial assignments to support projects in emerging market countries. The firm is partnering with organizations who are leaders in supporting entrepreneurs in developing countries. The organizations have said they would benefit greatly from professional staff ranging broadly from finance to technology, legal, audit, human resources, marketing and more.
Depending upon the assignment, the volunteers may be based in the emerging market country or at the organization's U.S. offices.
The organizations and examples of the assignments are:
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Grameen Foundation's Bankers without Borders ® - As the inaugural sponsor of this program, J.P. Morgan volunteers provide professional assistance to Grameen and its partners through short term assignments. For example, one two-week assignment calls for a volunteer to work in Nigeria to provide training in cash and asset liability management. Other assignments are U.S. based in Seattle and Washington, D.C., working on Grameen Foundation projects.
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TechnoServe's Business plan competition - J.P. Morgan is sponsoring TehnoServe's Latin America business plan competition in Chile, Colombia and Peru. Volunteers would judge entrepreneurial business plans in Bogotá, or serve as a financial advisor for participants of the competition in Lima.