We no longer support this browser. Using a supported browser will provide a better experience.

Please update your browser.

Close browser message

As a global leader, we deliver strategic advice and solutions, including capital raising, risk management, and trade finance services to corporations, institutions and governments.

Learn more about our solutions:


Serving the world's largest corporate clients and institutional investors, we support the entire investment cycle with market-leading research, analytics, execution and investor services.

Learn more about our solutions:


We are a leader in investment management, dedicating to creating a strategic advantage for institutions by connecting clients with J.P. Morgan investment professionals globally.

Learn more about our solutions:


Our financial advisors create solutions addressing strategic investment approaches, professional portfolio management and a broad range of wealth management services.

Learn more about our solutions:


Leverages cutting-edge technologies and innovative tools to bring clients industry-leading analysis and investment advice.

Learn more:


The latest news and announcements.

Learn more:


For company information and brand assets for editorial use.

Learn more:


The latest news and announcements.

Learn more:


In a fast-moving and increasingly complex global economy, our success depends on how faithfully we adhere to our core principles: delivering exceptional client service; acting with integrity and responsibility; and supporting the growth of our employees.

Learn more:


J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries. As announced in early 2018, JPMorgan Chase will deploy $1.75 billion in philanthropic capital around the world by 2023. We also lead volunteer service activities for employees in local communities by utilizing our many resources, including those that stem from access to capital, economies of scale, global reach and expertise.

Learn more:


With over 50,000 technologists across 21 Global Technology Centers, globally, we design, build and deploy technology that enable solutions that are transforming the financial services industry and beyond.

Learn more:


Technology Banner

For general inquiries regarding JPMorgan Chase & Co. or other lines of business, please call +1 212 270 6000.

Learn more:


For general inquiries regarding JPMorgan Chase & Co. or other lines of business, please call +1 212 270 6000.

Learn more:


Depositary Receipts


Since 1927, J.P. Morgan has been a leading provider of customized Depositary Receipts solutions to the world’s largest issuers. With our strength as a global equities leader, we help our clients navigate the capital markets and attract high-quality investors. Guided by J.P. Morgan's core principle of "first-class business in a first-class way,” DR issuers have relied on us for 90 years for our advice and long-term partnership.

  • 1920s
  • 1930s
  • 1950s
  • 1960s
  • 1970s
  • 1980s
  • 1990s
  • 2000s
  • 2010s


  • J.P. Morgan predecessor firm Guaranty Trust Co. pioneered the concept of American Depositary Receipts (ADR), enabling Americans to invest in foreign securities directly on U.S. exchanges
  • 1st ADR: Selfridges


  • 1st ADR Listing (AMEX): British American Tobacco
  • 1st French ADR: L’Air Liquide
  • 1st Austrian ADR: Creditanstalt


  • 1st German ADR: North German Lloyd

J.P. Morgan helped the luxury chain Selfridges tap into the global markets.


  • 1st Sponsored ADR: Electrical & Musical Industries

J.P. Morgan helped global conglomerate Electrical & Musical, also known as EMI and home of the Beatles, tap into the global markets.


  • 1st Dutch New York Share: Unilever N.V.


  • 1st Italian ADR: Montecatini


  • 1st German ADR: North German Lloyd

J.P. Morgan helped introduce Unilever, the consumer goods powerhouse, to the global markets.


  • Appointed depositary for Jaguar Cars
  • 1st Mexican ADR: Teléfonos de México


  • J.P. Morgan introduces the ADR to Japan with a historic offering for Sony, the first public stock offering in the U.S. by a Japanese corporation since World War II

A J.P. Morgan predecessor helped the famous Jaguar Cars gain access to global markets.


  • 1st DR for a U.S. company: Western Union


  • 1st ADR for Hong Kong: Hong Kong and Shanghai Banking

J.P. Morgan helped Western Union, one of the oldest American companies, create the first DR for a U.S. company.


  • 1st Spanish ADR: Banco Central S.A.


  • 1st Swiss ADR: Nestlé S.A.


  • 1st public offering of ADRs for Spanish securities: Telefónica, Banco Santander and Banco Central


  • 1st Sponsored German ADR: Volkswagen AG
  • 1st discounted registered rights offering: Barclays PLC

J.P. Morgan handled the DR of the global brand Nestlé, maker of well-known food and beverage products such as Libby’s, Stouffer’s, Carnation and KitKat.


  • 1st use of Euroclear as an ADR custodian: Nestlé S.A.
  • 1st ADR issued on Certificates of Ordinary Participation: Corporación San Luis


  • Established a sponsored ADR program for automobile manufacturer Peugeot S.A. (France)


  • 1st Direct Stock Purchase Plan for an ADR program: Several issuers


  • 1st acquisition using ADRs as currency in Germany: Fresnius
  • 1st Direct Registration System for an ADR program: Cifra


  • Facilitated BP acquisition of Amoco using ADRs (the world’s largest industrial merger at the time)
  • 1st website created for the DR industry


  • 1st online internet account access for ADR registered shareholders

J.P. Morgan recognized the power of the internet in the 90s, using it to create the first website for the DR industry.


  • 1st depositary bank to launch an ADR crossbook: ADRMax


  • Largest ever Global Depositary Receipt (GDR) IPO: Rosneft’s $6.3 billion offering in London (Russia)


  • 1st GDR on the Singapore Stock Exchange: Uttam Galva (India)


  • Brazil’s largest ever DR IPO: Banco Santander Brasil

J.P. Morgan handled the largest ever GDR IPO of more than $6 billion for Rosneft.


  • 1st HDR on Hong Kong Exchange: Vale (Brazil)
  • Largest ever follow-on offering: Petrobras’s $10 billion ADR offering


  • 1st capital raising using an Hong Kong Depositary Receipt: SBI Holdings (Japan)


  • 1st simultaneous listing on the Tokyo and New York Stock Exchange: Line

J.P. Morgan’s advances in technology led to the first simultaneous DR listing.

Learn More

Call your J.P. Morgan representative for more information.