JPMorgan Chase & Co. announced today the expansion of Women on the Move, a program focused on making a positive impact for women working at the firm as well as women business owners, consumers, and the communities it serves. The announcement came at the firms third annual Women on the Move Leadership Day with thousands of employees and clients at Radio City Music Hall and sites around the world. Speakers included Oracle CEO Safra Catz, Nasdaq President and CEO Adena Friedman, Girlboss CEO Sophia Amoruso, and several JPMorgan Chase women leaders.
Few companies are in the position to make as big an impact as we are to advance women and people of color, said Jamie Dimon, Chairman and CEO of JPMorgan Chase. As we did with our investments in Detroit and jobs for veterans, we are taking a disciplined approach to increasing support of women consumers and business owners to make a meaningful and measurable difference.
Women on the Move began in 2013 as an internal network of female employees supporting each other. Originally, the program was a tour of senior women connecting with and listening to their colleagues around the world. The program expanded to consolidate all of the womens networking programs and built out 39 chapters across six continents. It further expanded to include a speakers program and in 2016, the first Women on the Move Leadership Day.
Building on that momentum, the Women on the Move program will now coordinate all business, people and philanthropic activities that support women across the firm. The program has three priorities:
- Make JPMorgan Chase the best company to work for women: Hire, develop and promote more women and make JPMorgan Chase an exceptional place for women to work.
- Support women-owned businesses: Help women start and grow businesses through banking, credit and the firms philanthropic investments.
- Help women improve their financial health: Provide financial tools and education to support women and their families.
When we look at our business plans today, we expect to extend $10 billion in credit to women-owned businesses over the next three years, said Gordon Smith, co-President of JPMorgan Chase and CEO of Consumer & Community Banking. Access to capital is critical for every entrepreneur to start and grow her business. By investing in women-owned businesses, we believe we can unlock their ideas and innovation and help grow our economy.
JPMorgan Chase recently named Samantha Saperstein the program leader of Women on the Move. She reports to Kristin Lemkau, the Chief Marketing Officer, and Judy Miller, who leads the Office of the Chairman.
We want JPMorgan Chase to be the best bank for women to work for and be a client of, Saperstein said. Were proud of our progress, but know theres much more work to do.
For more about Women on the Move, visit www.jpmorganchase.com/WOTM.