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JPMorgan Chase & Co.

Founders

Who Founded JPMorgan Chase?

Aaron Burr, Alexander Hamilton, John Pierpont Morgan · Founded 1799 · HQ today: New York, New York

Who founded JPMorgan Chase?

JPMorgan Chase was founded by Aaron Burr, Alexander Hamilton, John Pierpont Morgan in 1799. It is now led by Jamie Dimon.

Founders
Aaron Burr, Alexander Hamilton, John Pierpont Morgan
Founded
1799
Headquarters
New York, New York
Number of founders
3
Current CEO
Jamie Dimon (since 2006)
Where was JPMorgan Chase founded?
JPMorgan Chase was founded in New York, New York, United States in 1799.
When was JPMorgan Chase founded?
JPMorgan Chase was founded in 1799.
Who started JPMorgan Chase?
JPMorgan Chase was founded by Aaron Burr, Alexander Hamilton and John Pierpont Morgan.
How old is JPMorgan Chase?
JPMorgan Chase is 227 years old as of 2026.

Founding Story

JPMorgan Chase is the product of more than a thousand predecessor institutions, but two lines matter most. The Chase side reaches back to the Manhattan Company, chartered in New York in 1799 with a water-supply mandate and a clause that let it open a bank. The Morgan side begins with Drexel, Morgan & Co. in 1871, which became J.P. Morgan & Co. and helped the U.S. Treasury through an 1895 gold shortage and banks through the Panic of 1907. Chase Manhattan and J.P. Morgan merged in 2000, and the 2004 Bank One merger brought in Jamie Dimon, who became CEO in 2006.

Aaron Burr

Co-founder 1799

Background

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.

Alexander Hamilton

Co-founder 1799

Background

Hamilton was a lawyer, Revolutionary War aide to George Washington and the architect of early U.S. federal finance, including the First Bank of the United States.

Role at JPMorgan Chase & Co.

Alexander Hamilton, the first U.S. Treasury Secretary, is linked to JPMorgan Chase's history through his involvement in the 1799 Manhattan Company charter effort alongside Aaron Burr. He is better known for founding the Bank of New York in 1784, which is now part of BNY rather than JPMorgan Chase. He is listed here as a historical figure connected to the predecessor charter, not as a founder of the modern firm. (Exact birth year remains publicly undisclosed).

John Pierpont Morgan

Co-founder 1871

Background

Morgan was trained in banking under his father, Junius Spencer Morgan, a partner in a London merchant bank, which gave him access to European capital for U.S. projects.

Role at JPMorgan Chase & Co.

J. Pierpont Morgan co-founded Drexel, Morgan & Co. with Anthony Drexel in 1871, the partnership that became J.P. Morgan & Co. in 1895. The firm financed railroads and organized industrial combinations such as U.S. Steel in 1901. Morgan also arranged a 1895 gold loan to the U.S. Treasury and coordinated private support for banks during the Panic of 1907. J.P. Morgan & Co. merged with Chase Manhattan in 2000 to form today's JPMorgan Chase. (Exact birth year remains publicly undisclosed).

JPMorgan Chase & Co.: CEO & Leadership History

Full timeline →

Doug Petno

Co-President and CEO, Commercial & Investment Bank

2026 – Present

He oversees JPMorgan's largest segment by managed revenue, which produced $78.5 billion in FY2025.

Troy Rohrbaugh

Co-President and CEO, Consumer & Community Banking

2026 – Present

He now runs the Chase consumer franchise, which produced $76.0 billion of FY2025 managed revenue.

Jeremy Barnum

Chief Financial Officer

2021 – Present

He oversees capital, liquidity and financial reporting for a $4.9 trillion balance sheet.

Jamie Dimon

Chairman and Chief Executive Officer

2006 – Present

Dimon's tenure established the operating and risk framework associated with JPMorgan Chase's scale. The company combines Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management rather than relying on one earnings engine. Common balance-sheet management and technology investment support competition across retail and wholesale finance. His contribution includes a management discipline that treats capital, credit reserves, operational resilience, and regulation as constraints on growth. As of October 1, 2026, he remained chairman and CEO, so no end year is assigned.

William B. Harrison Jr.

Former Chairman and Chief Executive Officer

2000 – 2005

Harrison's tenure connects the creation of modern JPMorgan Chase with the leadership structure that followed. He oversaw the first stage of integrating Chase and Morgan, then added Bank One's consumer and middle-market operations. That gave the company a broader mix of retail deposits, cards, commercial banking, investment banking, and asset management. Harrison stepped down as chief executive at the end of 2005 and transferred responsibility to Dimon, so his CEO history is recorded as 2000 through 2005. J. Pierpont Morgan is documented separately among predecessor founders.

Keep researching JPMorgan Chase

Who Founded JPMorgan Chase? FAQ

What are the historic founding roots of JPMorgan Chase & Co. dating back to 1799?

JPMorgan Chase is the culmination of over 1,200 predecessor banking institutions merged over 225 years, tracing its foundational origins to The Manhattan Company (founded in 1799 by Aaron Burr and Alexander Hamilton), J. Pierpont Morgan & Co. (1871), and Chase National Bank (1877).

What was The Manhattan Company founded in 1799 by Aaron Burr?

In 1799, Aaron Burr founded The Manhattan Company to supply clean water to New York City after yellow fever epidemics. Burr secretly inserted a clause into the charter allowing the company to use surplus capital to open a bank (Bank of The Manhattan Company), breaking Alexander Hamilton's Bank of New York monopoly.

Who was John Pierpont (J.P.) Morgan and how did he finance American industrialization?

J. Pierpont Morgan (1837 to 1913) was America's greatest financial leader. Operating from 23 Wall Street, Morgan financed the US transcontinental railroads, organized the creation of General Electric (1892) and U.S. Steel (1901 - the world's first billion-dollar corporation), and acted as the unofficial Federal Reserve.

How did J.P. Morgan personally save the United States during the Panic of 1907?

During the catastrophic 1907 financial panic, J.P. Morgan locked New York's top bank presidents inside his personal library at 36th and Madison Avenue, refusing to let them leave until they signed agreements committing their capital to rescue failing trust companies, directly inspiring the 1913 creation of the Federal Reserve.

Who was John Thompson and why did he name Chase National Bank in 1877?

In 1877, Wall Street publisher John Thompson founded Chase National Bank, naming it in honor of Salmon P. Chase, the former US Treasury Secretary under Abraham Lincoln who created the US National Banking system.

How did the Glass-Steagall Act of 1933 split J.P. Morgan & Co. and Morgan Stanley?

In 1933, the federal Glass-Steagall Act outlawed the combination of commercial banking and investment banking. J.P. Morgan chose to remain a commercial deposit bank, while partners Henry S. Morgan and Harold Stanley left to found Morgan Stanley as an independent investment bank.

What was the landmark 2000 merger of Chase Manhattan and J.P. Morgan & Co.?

In September 2000, Chase Manhattan Bank acquired J.P. Morgan & Co. for $33 billion, combining Chase's large commercial retail franchise with J.P. Morgan's top corporate finance pedigree to form modern JPMorgan Chase.

How is the historic heritage of J. Pierpont Morgan preserved today?

His legacy is honored at The Morgan Library & Museum in New York City, through the historic preservation of 23 Wall Street, and in the enduring institutional standard of financial integrity: 'First-class business in a first-class way.'

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.