New York, September 24, 2013 - The JPMorgan Chase Foundation announced that it will donate $50,000 to support hurricane relief efforts in Mexico as the country begins to recover from destruction caused by Hurricanes Manuel and Ingrid, which struck on the Pacific and Gulf coasts on September 15-16.
The grant will be divided evenly between World Vision, which is already on the ground helping victims of the natural disaster, and the American Red Cross, which is partnering with the Cruz Roja Mexicana to provide technical assistance and fundraising support to respond to this disaster. The donated funds are dedicated specifically to these Mexico Hurricane Relief efforts.
Daniel Pinto, co-CEO of the J.P. Morgan Corporate & Investment Bank, who spent several years working at the firm's Mexican subsidiary in the 1990's, noted, "J.P. Morgan has supported Mexico's economic progress for the past 127 years and has always been a partner in the community. We are especially pleased that this grant is enhanced by support from our Mexico based staff, who are volunteering locally to provide relief."
"These two global organizations are working tirelessly to respond to the devastation across Mexico, and we are happy to lend support to these efforts." said Eduardo Cepeda, J.P. Morgan's Senior Country Officer for Mexico. "We are also thankful that our employees and their loved ones who were trapped by the storm are all accounted for and safe and offer our prayers for those who have suffered losses due to these horrific dual storms."
About J.P. Morgan
J.P. Morgan is the eighth largest financial group in Mexico and employs 350 people at its offices in Mexico City and Monterrey. The firm is a leader in financial services, offering solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years. J.P. Morgan is part of JPMorgan Chase & Co. (NYSE: JPM), a global financial services firm with assets of $2.4 trillion.