JPMORGAN CHASE STATEMENT: JPMORGAN CHASE IS KEEPING OBAMA’S COMMITMENT TO HIRE AMERICA’S VETERANS

New York, New York, August 5, 2011 – Today at the Washington Navy Yard, President Barack Obama challenged the private sector to commit to recognizing the service and sacrifice of those serving in the military, veterans and their families by giving them the opportunities and support they have earned. JPMorgan Chase is currently meeting that challenge.

Earlier this year, JPMorgan Chase announced the development and execution of a holistic veteran’s strategy. Two key elements include a commitment of $7.5 million to provide seed funding for the creation and launch of a “first-of-its-kind” Institute for Veterans and Military Families at Syracuse University as well as the 100,000 Jobs Mission. The 100,000 Jobs Mission was launched in March with the goal of hiring 100,000 transitioning service members and military veterans by 2020. Eleven corporations have joined this mission and collectively hired more than 1,300 transitioning service members and veterans through June 30th. To date, the following corporations have joined JPMorgan Chase & Co. in the 100,000 Jobs Mission: AT&T, Broadridge Financial Solutions, Inc., Cisco, Cushman & Wakefield Inc., EMC Corporation, Iron Mountain Incorporated, Modis, NCR Corporation, Universal Health Services, Inc. and Verizon Communications Inc.

“Many of our nation’s veterans face tremendous challenges when transitioning to life after military service, and we recognize that it takes a partnership of committed individuals and organizations to help them successfully reenter the civilian world,” stated Tom Higgins, JPMorgan Chase’s Managing Director and Head of Operational Control who represented the firm at today’s event. “JPMorgan Chase is committed to helping ease that transition whenever possible by providing jobs, homes and educational opportunities. We are partnering with other companies who are equally committed to helping these deserving individuals lead healthy, happy and successful lives.”

In addition to the 100,000 Jobs Mission and the Institute for Veterans and Military Families, JPMorgan Chase has partnered with the Center for a New American Security (CNAS), the action arm for the Joining Forces Initiative. With JPMorgan Chase's support, CNAS is providing thought leadership to address the needs of veterans and military families. The partnership includes a two-year commitment from JPMorgan Chase to fund its work.

“JPMorgan Chase recognizes the tremendous sacrifices our military members and their families have made for our nation,” Higgins added. “We want to honor their service by making serving them a core part of how we operate our business every day.”

About JPMorgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

 

Contact: Lisa A. Wolfe, JPMorgan Chase, 302.552.0954 or 302.494.5769 (cell)