J.P. Morgan is a leading provider of wholesale financial services in Greece serving certain of the largest Greek companies, the Hellenic Republic itself, as well as Greek individuals through its global asset management platform.
J.P. Morgan’s local presence in Greece dates back to 1968, when a predecessor firm opened offices in Piraeus and Athens, while since 2006, J.P. Morgan operates out of its representative office in Athens. During this period J.P. Morgan has supported Greek clients on a number of high profile transactions including among others the largest banking sector privatisation to that date through the sale of Ionian and Popular Bank in 1999, the first Greek Leveraged Buy out through the acquisition of Tim Hellas by TPG/Apax Consortium in 2005, the largest rights issue through the €3 billion rights issue of National Bank of Greece for the acquisition of Finansbank in 2006, as a well as number of large bond issues for the Hellenic Republic and financing for the shipping industry.
Lines of Business
- Asset Management
- Investment Banking
- Treasury Services
- Athens, Haritos 3, Greece: +30 210 727 4100
Corporate Responsibility in Greece
J.P. Morgan is committed to building vibrant communities, preserving our environment and promoting an inclusive culture across the globe that benefits people not only today, but for generations to come.
Globally, J.P. Morgan, through the JPMorgan Chase Foundation, makes philanthropic investments in cities where it has major operations, assisting those suffering disadvantage to help them build better lives for themselves, their families and their communities. Across Europe, the Middle East and Africa, the firm focuses its investment and attention on three pillars: Economic Development, Financial Empowerment and Workforce Readiness. In Greece our commitment includes:
In 2012, J.P. Morgan established a philanthropic footprint in Greece with an inaugural donation to PRAKSIS, an independent non-government organisation. The donation enabled PRAKSIS to better respond to the growing needs of the Greek population through the support of the “ΣΥΝ στο ΠΛΗΝ” programme. “ΣΥΝ στο ΠΛΗΝ” was designed to respond to the rise in acute poverty amongst Greek households as a result of the financial crisis, where 91.2% of households had a significant reduction in total family income in 2011 and 78% of household are facing serious difficulties in meeting their financial obligations. "ΣΥΝ στο ΠΛΗΝ” provides support services to vulnerable people at key crisis points through its day centre facilities for the homeless in Attica (including Athens) as well as bespoke services for families and their children who are at risk of becoming homeless.
Following on this work, support from J.P. Morgan in 2014 is enabling PRAKSIS to create a specialised “Business Coaching Centre” that will target unemployed people on the verge of homelessness, to enable them to set up their own businesses. Through mentoring, business coaching, legal advice, marketing support, as well as operational support, networking and microfinance, PRAKSIS will work to make these businesses viable, sustainable and scalable. Ultimately, PRAKSIS aims to help people to maintain their household income through the creation of businesses which have the potential to create meaningful employment over the long term.