Following World War II, the firm became the first foreign bank to set up business again in Germany, and also one of the first to do so in Japan, thus expanding the firm’s international footprint and helping to build global linkages.
In December 1947, at the invitation of U.S. military authorities, Chase Manhattan Bank established the first U.S. postwar bank branches in Frankfurt and Tokyo. They joined the London and Paris branches and were soon followed by others around the world.
In the 1970s alone, Chase added nearly 40 international branches, representative offices, affiliates, subsidiaries and joint ventures. The bank executed two historic firsts in 1973: opening a representative office in Moscow, the first U.S. bank presence in Russia since the 1920s; and becoming the first U.S. correspondent to the Bank of China since the 1949 revolution.
In addition to Chase's global expansion, J.P. Morgan & Co. also had a strong international presence.
Today, JPMorgan Chase has operations in more than 60 countries and serves clients globally.