JP Morgan Private Bank: Risk Management during the Financial Crisis 2008-2009

Posted: 7 Feb 2012

See all articles by Anette Mikes

Anette Mikes

Harvard Business School

Clayton S. Rose

Harvard University - Business School (HBS)

Aldo Sesia

Harvard Business School

Date Written: November 18, 2010

Abstract

Mary Erdoes, the CEO of JP Morgan's Asset Management business, and three colleagues provide insights into risk management issues faced by the firm's Private Bank during the financial crisis in 2008-2009. The case provides perspective on the philosophy with which they approach risk management, issues of greatest concern, tools and processes used in practice, the benefits and limitations of quantitative models and balance between the use of models and exercising judgment, and lessons learned from the crisis about risk management.

Learning Objective: Provide for an exploration of the complex and varied nature of risk management in a financial services firm.

Suggested Citation

Mikes, Anette and Rose, Clayton S. and Sesia, Aldo, JP Morgan Private Bank: Risk Management during the Financial Crisis 2008-2009 (November 18, 2010). Harvard Business School General Management Unit Case No. 311-003, Available at SSRN: https://ssrn.com/abstract=2000873

Anette Mikes (Contact Author)

Harvard Business School ( email )

Soldiers Field
Boston, MA 02163
United States

Clayton S. Rose

Harvard University - Business School (HBS) ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

Aldo Sesia

Harvard Business School ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States
617-496-2085 (Phone)

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