Disclosure by legal entity

Under new legislation that took effect in April 2017, companies in the United Kingdom with at least 250 employees are required to publish their overall pay gap between men and women.

The following information is available for each relevant legal entity:

  • The proportion of females and males in each quartile
  • The mean and median gender pay and bonus pay gap
  • The proportion of females and males receiving a bonus

To view the information by legal entity, select from the drop down menu below. 

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION – LONDON BRANCH

 Representation
QuartilesFemaleMale
Low quartile47.4%52.6%
Low to median38.7%61.3%
Median to high29.8%70.2%
High quartile24.2%75.8%
 MedianMean
Pay gap23.3%23.6%
Bonus gap33.5%55.3%
 FemaleMale
Received bonus92.9%93.6%

J.P. Morgan Securities plc

 Representation
QuartilesFemaleMale
Low Quartile54.8%45.2%
Low to Median31.5%68.5%
Median to High21.4%78.6%
High Quartile10.5%89.5%
 MedianMean
Pay Gap60.0%52.8%
Bonus Gap74.8%65.7%
 FemaleMale
Received Bonus90.1%93.5%

J.P. Morgan Europe Ltd

 Representation
QuartilesFemaleMale
Low Quartile54.8%45.2%
Low to Median39.6%60.4%
Median to High34.4%65.6%
High Quartile25.6%74.4%
 MedianMean
Pay Gap26.0%41.5%
Bonus Gap42.0%74.5%
 FemaleMale
Received Bonus91.1%96.2%

JPM Asset Management (UK) Ltd

 Representation
QuartilesFemaleMale
Low Quartile52.4%47.6%
Low to Median41.3%58.7%
Median to High30.1%69.9%
High Quartile22.4%77.6%
 MedianMean
Pay Gap24.4%29.0%
Bonus Gap61.7%74.1%
 FemaleMale
Received Bonus94.4%96.0%

J.P.M. International Bank Ltd

 Representation
QuartilesFemaleMale
Low Quartile41.8%58.2%
Low to Median36.8%63.2%
Median to High35.6%64.4%
High Quartile35.6%64.4%
 MedianMean
Pay Gap6.3%10.2%
Bonus Gap0.9%37.6%
 FemaleMale
Received Bonus88.3%89.6%

The mean (also called average) represents the total pay for all included employees divided by the number of employees.

The median is the middle value when the pay of all employees is arranged in ascending order.

“Pay” represents monthly base salary as well as other regular payments that were paid through payroll in April 2018 divided by the employee’s contractual hours for April.

“Bonus” includes incentive related payments made during the 12 months preceding 5 April 2018. Generally, this will represent payments connected with the vesting of previously awarded deferred compensation and cash incentive compensation paid as part of the firm’s discretionary annual incentive plan.

Employee pay has been ordered highest to lowest and split into four equally sized groups (quartiles) and the percentages show the distribution of men and women in each of those groups.

We confirm that the information included in this disclosure is accurate and meets the requirements of the Equality Act 2010 (Gender Pay Gap information) Regulations 2017.

 

Julia Meazzo
Head of Human Resources, Europe, Middle East and Africa