History

J.P. Morgan in Canada

Timeline: Beginnings in Canada | 1960–1979 | 1980–1999 | 2000–Present

2000–Present

 

2010:

J.P. Morgan grows the Natural Resources Group by investing in senior team members covering Oil & Gas in Calgary and covering Canadian Metals & Mining in Toronto

 
 

2009:

J.P. Morgan establishes an office in Calgary through the acquisition of UBS Commodities Canada Ltd., expanding our global commodities business into the Canadian natural gas, power, and crude oil physical and financial markets

 
 

2006:

J.P. Morgan Securities Canada Inc. becomes a participating organization of the Toronto Stock Exchange

 
 

2005:

JPMorgan Chase acquires Sears Canada credit card portfolio – Canada’s third-largest – for C$2.5 billion

 
 

2004:

JPMorgan Chase merges with Bank One Corp. in a US$58 billion deal to provide investment banking, consumer banking and commercial banking services as well as to increase Treasury & Securities Services activity

 
 

2003:

J.P. Morgan Securities Canada Inc. becomes a member of the Canadian Derivatives Clearing Corp. and a clearer of futures and options transactions on the Canadian exchanges

 
 

2001:

Chase Manhattan Bank merges with Morgan Guaranty Trust Company of New York, forming JPMorgan Chase Bank

 
 

2000:

J.P. Morgan is one of the first foreign banks to receive approval to establish a bank branch in Canada

 

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1980–1999

 

1997:

J.P. Morgan opens our office in Montreal

 
 

1996:

Chemical Banking Corp. merges with Chase Manhattan Corp. in a US$10 billion deal, creating what was then the largest bank holding company in the U.S.

 
 

1994:

J.P. Morgan establishes asset management business in Canada

 
 

1988:

J.P. Morgan Securities Canada Inc. is the first U.S. securities subsidiary established in Canada

 
 

1982:

Chase Manhattan Canada Ltd. receives charter as a Canadian bank

 
 

1981:

Morgan Bank of Canada is the first foreign bank established in Canada after changes to the Bank Act

 
 

1980:

J.P. Morgan of Canada Ltd. acts as the lead manager and co-agent for the province of Quebec’s C$400 million, five-year credit offering – the first major syndicated financing to a Canadian borrower entirely by a subsidiary of a foreign bank

 

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1960–1979

 

1974:

J.P. Morgan of Canada Ltd., a wholly owned subsidiary, opens an office in Toronto to extend short- and medium-term credit

 
 

1973:

Chase Manhattan Bank Holdings, a Chase Manhattan Bank subsidiary, opens headquarters in Toronto 

 
 

1970:

Chase Manhattan Bank, other foreign banks and the Royal Bank of Canada form the Orion Banking Group, a consortium for medium-term lending and merchant banking

 
 

1965:

J.P. Morgan establishes a representative office in Toronto

 

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Beginnings in Canada

 

1959:

David Rockefeller, Chase Manhattan Bank chairman, begins traveling to Canada in order to explore opportunities

 
 

1949:

Chase National Executor and Trustee Corp. Ltd., a subsidiary of Chase National Bank, opens an office in Toronto – the first physical presence in the country

 
 

Late 19th and early 20th centuries:

J.P. Morgan offices in London and the U.S. invest in Canadian railroads, industries and municipalities

 

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