JPMorgan Chase announced on Wednesday that Bruce McNamer will join the company as the new head of philanthropy and CEO of the JPMorgan Chase Foundation.
JPMorgan and its foundation contributed over $190 million to nonprofits across the country and in 37 countries around the world last year. The firm announced last week that it structured the new Global Health Investment Fund with the Bill and Melinda Gates Foundation to provide $100 million in investment capital to support health research for preventable diseases.
“The private sector needs to step up and do its part to address the critical challenges we face,” JPMorgan Chairman and CEO Jamie Dimon said. “We are thrilled to bring on board a leader with Bruce’s experience and passion who can help us drive our impact on economic growth and progress in the communities we serve.”
Over the past nine years, McNamer has served as the president and CEO of TechnoServe, which works with people in the developing world to build farms and businesses. He increased the organization’s revenues from $16 million to over $74 million and drove its expansion into 30 countries.
He has also worked as an investment banker at Morgan Stanley, a management consultant at McKinsey & Co., a White House Fellow at the National Economic Council and a Peace Corps volunteer in Paraguay. He also founded and worked as a senior manager for several technology start-ups.
“Having spent many years working to build business-based solutions to poverty, I am thrilled to join JPMorgan Chase as it continues to harness the talents of its people, its substantial assets and relationships, and its philanthropic capital to expand economic opportunity and well-being for communities worldwide,” McNamer said.