Jack Jones, Senior Vice President, JP Morgan Chase
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Transcript of Jack Jones, Senior Vice President, JP Morgan Chase
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JP Morgan Chase Globalization Discussion
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India and Philippines Employees to Reach ~40K by YE 2012 (Assuming Only 20% CAGR)
India and Philippines Employee Headcount Projected Through 2012
5,100 7,500 9,300 10,80015,300
270800
1,6002,900
8,000
28,00033,600
40,300
Dec '05 Dec '06 Dec '07 Dec '08 Dec '09 {Proj.} Dec '10 {Proj.} Dec '11 {Proj.} Dec '12 {Proj.}
India Philippines Combined
37% CAGR
70% AGR
20% CAGR
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Current Global Supply Network (28,150 FTE/FTC in 2008 and 35,000 FTE/FTC in 2010)
Philippines (8,120 FTE/FTC)India (18,280 FTE/FTC)
Contractors
Global Solutions & Air Traffic Control
Latin America (1,750 FTC)
Employees
'08 '09 '10
AM 710 800 860
Card 2,220 2,650 2,650
Corp. Sector 2,580 2,880 3,020
IB 2,380 2,680 2,960
T&SS 3,260 4,440 4,630
Total 11,170 13,470 14,140
J PMC 4,660 4,530 4,460
WaMu 2,450 2,450 2,450
Total 7,110 6,980 6,910
'08 '09 '10
J PMC 910 1,080 1,100
WaMu 840 840 840
Total 1,750 1,920 1,940
Employees
Contractors
Contractors
'08 '09 '10Card 1,310 2,330 2,750 Corp. Sector 10 10 80 RFS 1,490 3,380 3,380 T&SS 70 690 1,090 Total 2,880 6,410 7,300
J PMC 2,000 1,500 1,500 WaMu 3,240 3,240 3,240
Total 5,240 4,740 4,740