Mary Callahan Erdoes
About
Mary Callahan Erdoes is the Chief Executive Officer of JPMorgan Chase's Asset & Wealth Management division, leading one of the largest investment management and private banking operations globally. She began her career at JPMorgan Chase around 1998 and progressed through a series of senior roles before her appointment as CEO in September 2009, underscoring her long-standing commitment and contributions to the firm.
Born and raised in the United States, she pursued higher education with determination, earning an undergraduate degree in Mathematics from Georgetown University and an MBA from Harvard University, which laid a robust foundation for her successful career in finance.
Apart from her executive role at JPMorgan Chase, she engages actively in various boards and philanthropic endeavors, serving on the boards of the U.S.-China Business Council, the Robin Hood Foundation of New York City, Georgetown University, and the Global Advisory Council of Harvard University. This involvement highlights her influence both within the corporate landscape and in her contributions to societal and educational initiatives.
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| JPMorgan Chase | CEO of Wealth Management | 2005-2009 | Ended due to promotion to CEO of Asset & Wealth Management in September 2009 |
Fixed Compensation
| Component Name [Citation] | Amount [Citation] | Payment Schedule [Citation] | Additional Details [Citation] |
|---|---|---|---|
| Salary | $750,000 | Annually in 2023 | Fixed base salary |
| Other Compensation | $34,183 | Paid in 2023 | Includes $5,000 miscellaneous and $29,183 change in pension value/non‐qualified deferred compensation earnings |
| Restricted Stock Units (RSUs) | 52,892 shares; Grant Date Fair Value $7,425,000 | Vest in two equal installments on January 13, 2025 and January 13, 2026 | Time‐based vesting; dividend equivalents payable in cash |
Performance Compensation
Cash Incentive Compensation
| Component Name [Citation] | Amount [Citation] | Performance Metrics / Targets [Citation] | Vesting / Evaluation Period [Citation] | Additional Details [Citation] |
|---|---|---|---|---|
| Cash Incentive Compensation | $10,500,000 | No performance thresholds, targets, or detailed metrics provided | Paid for performance in 2023; evaluation period details not specified | No further performance conditions disclosed |
Performance Share Units (PSUs)
| Component Name [Citation] | Share Quantity [Citation] | Performance Metrics / Targets [Citation] | Vesting / Evaluation Period [Citation] | Additional Details [Citation] |
|---|---|---|---|---|
| Performance Share Units (PSUs) | Target: 52,892 shares; Maximum: 79,338 shares | Performance metrics based on the firm’s performance over a three‑year period; specific thresholds/targets not disclosed | Vest on March 25, 2026 with a two‑year holding period post-vesting | Grant Date Fair Value: $7,875,000; includes dividend reinvestment considerations; detailed metrics not specified |