J.P. Morgan Mexico | About us (2024)

Our commitment to helping clients in Latin America dates back to the 19th century. As a result of our long-standing presence, we have built long-term and trusted relationships with Latin American industry leaders, financial institutions, governments, family-owned businesses and private clients.

We are committed to building vibrant communities, preserving the environment and promoting an inclusive culture across the globe that benefits people today and for generations to come. To achieve these objectives and maximize giving, our corporate responsibility programs in Latin America reflect our philanthropic goals in the areas of community development, education and arts and culture. Philanthropic efforts support local communities and a number of local best-in-class microfinance and micro-entrepreneurship programs.

• 1886: J. Pierpont Morgan is elected to the board of the Central & South America Telephone Company, and later becomes a director of the Mexican Telephone Company.
• 1899: J.P.Morgan & Co. co-manages an historic debt offering for Mexico, a 5% external consolidated gold loan, totaling £22.7 million. The deal marks the first time an American firm acts as a manager and is listed on the prospectus for a foreign loan.
• 1900-1901: In 1900, J.P.Morgan underwrites £25,000 of a £6 million sale of 5% first mortgage debentures for the Tucuman Sugar Refining Company. The following year, the Morgan firm accepts the participation of £150,000 in the Mexican National Railroad Company readjustment loan.
• 1918: Equitable Trust Company opens a Mexico City representative office. This is the first direct office of an American bank to be established in Mexico. When Equitable merges with Chase National Bank in 1930, it becomes a Chase office and later a branch.
• 1959: Chemical Bank opens a representative office in Mexico City.
• 1969: The First National Bank of Chicago opens a representative office in Mexico City, its first office in Latin America.
• 1976: J.P.Morgan Guaranty Trust Company arranges a US$1.2 billion loan to the Mexican government after the devaluation of the peso.
• 1980: J.P.Morgan opens a representative office in Mexico City. Morgan’s clients include the Mexican government, banks and other financial institutions, as well as successful local companies.
• 1988: The Morgan firm develops a landmark program that enables the Mexican government to issue US$2.6 billion of bonds — called Aztec, or Morgan bonds — to credit banks in exchange for existing debt. The program is the basis for a model widely used in subsequent years to restructure the debt of many developing countries.
• 1994: In 1994,J.P.Morgan arranges a US$700 million syndicated loan for Petróleos Mexicanos, representing Mexico’s reentry into the international syndicated loan market after twelve years.
• 1994: J. P. Morgan opens new subsidiary offices in Mexico City following the passage of the North American Free Trade Agreement (NAFTA).
• 1995: Chase Manhattan Bank Mexico, S.A. is formally established, becoming the second foreign bank to open a subsidiary in Mexico.
• 1996: J.P.Morgan and Swiss Bank Corporation act as joint bookrunners in the Mexican government bond issue, raising a total US$6 billion. At this time, it is the largest emerging markets Eurobond issuance.
• 1999: J.P.Morgan acts as joint bookrunner in a US$1 billion convertible bond issue for Teléfonos de México, and later in a €400 million bond issuance for the Mexican Government.
• 2001: Grupo Financiero Chase and J.P.Morgan Grupo Financiero merge and become J.P.Morgan Grupo Financiero, S.A. de C.V.