Managing A Trillion Dollar Business

There are not many people in this planet who manage multi-billion dollars businesses. Fewer still are those who handle trillion dollar companies. One of the few who does is Mary Callahan Erdoes. She is the CEO of J.P. Morgan Asset Management.

This enterprise oversees around $1.3 trillion in assets. Mary is head of the fifth largest asset management company in the world. This also includes the second largest hedge funds as well as America’s most prominent private bank that caters to the ultrawealthy as well as more than 200 other investment classes.  She made her mark early; on her fist year on the job revenue reached $9 billion and profits rose 20% to $1.7 billion.

Mary is known for her hard work and competitiveness. She works in an industry known for its toughness and she has come out with good deals for her company. Among the positions she handled was heading private bank where client base increase 15% a year and assets growing by $238 billion. This got the notice of the top brass who asked her to head the asset management division.

Mary finished her bachelor’s degree at Georgetown University, majoring in Mathematics and was the only female to complete as a Math major at Georgetown at that time. She then went to obtain an MBA degree at Harvard Business School.

Mary worked for other financial companies before she joined J.P. Morgan Asset Management as head of fixed income for high-net-worth individuals, foundations and endowments.  Less than 10 years later she became CEO of J.P. Morgan Private Bank.  In 2009 she was appointed CEO of the Asset Management division.

Aside from heading a trillion dollar business Mary is raising 3 kids with her husband.