JPMorganChase named first global banking partner of Olympics

JPMorganChase volition clasp the Worldwide Olympic Partner designation successful the Asset and Wealth Management and Private Banking, Commercial and Investment Banking category. In the U.S., the steadfast volition besides service arsenic a Founding Partner of the LA28 Games successful the Retail Banking category, arsenic good arsenic the Official Bank of Team USA and LA28.

IOC President Kirsty Coventry said successful a statement: "JPMorganChase is the archetypal Global Partner from the banking assemblage successful Olympic history, and we are arrogant to invited them to the Worldwide Olympic Partner programme. JPMorganChase's planetary scope and expertise volition present lasting enactment for athletes and assistance make a lasting interaction successful communities worldwide."

JPMorganChase CEO Jamie Dimon said successful a statement: "We are honored to beryllium a Worldwide Partner of the Olympic and Paralympic Games, supporting athletes, fans, businesses and communities astir the globe. Olympians and Paralympians are much than athletes — they are our customers, clients and employees, and their dreams widen beyond the Games."

As portion of the partnership, JPMorganChase and the IOC volition connection fiscal wellness workshops for athletes done the IOC's Athlete365 platform. Money from the concern volition beryllium shared to enactment sports organizations worldwide, including National Olympic Committees and Organizing Committees for the Olympic and Youth Olympic Games, pursuing the IOC's accustomed process.

The steadfast besides announced a concern with NBCUniversal to enactment its multi-platform sum of the LA28 Games, with the 2 companies readying to item jock stories and competitions crossed platforms.

JPMorganChase operates successful implicit 60 countries and serves clients successful much than 100 markets, according to the company. In the U.S., it serves much than 86 cardinal consumers and 7.4 cardinal tiny businesses done much than 5,000 branches successful 48 states and the District of Columbia. In the Los Angeles area, the steadfast serves much than 5 cardinal customers and 589,000 tiny concern clients done much than 330 branches and astir 6,000 employees.

The IOC redistributes much than 90% of its income to the broader sports community, with the equivalent of $4.7 cardinal going to athletes and sports organizations each day, according to the committee.