Aaron Burr
Co-founder 1799Background
Burr was a Revolutionary War officer, attorney and Democratic-Republican politician. His political rivalry with Alexander Hamilton shaped early New York banking, where Federalist-aligned banks dominated before the Manhattan Company's charter.
Role at JPMorgan Chase & Co.
Aaron Burr, the New York lawyer and politician who later served as U.S. vice president, led the 1799 effort to charter the Manhattan Company. The charter was framed around supplying clean water to New York City, but a clause let the company use surplus capital for other lawful business, which it used to open the Bank of the Manhattan Company. That bank is the oldest predecessor in JPMorgan Chase's corporate history and merged with Chase National Bank in 1955. Aaron Burr was born in 1756.