Global Head of Research, Corporate and Investment Bank, J.P. Morgan
Though some other investment banks have scaled back equity research efforts in recent times, Joyce Chang has successfully led continued investment and expansion at J.P. Morgan.
The 950 research professionals she oversees at the investment banking unit of JPMorgan Chase cover more than 3,700 companies worldwide and provide economic forecasts for more than 60 countries. The team also produces 400 pieces of research each day for its 23,000 clients.
But Chang said the focus is on quality even more so than quantity, including research calls contrary to the market consensus. Two notable examples include a call that bonds would outperform equity markets and that the equity market would outperform developed markets, despite signs of deterioration that could suggest otherwise.
Last year Chang became co-chair of the Women's Network at J.P. Morgan's Corporate and Investment Bank. The program provides sponsorship, technical training, job opportunities and client events for more than 700 women. The goal is to retain, develop and promote senior female talent at the managing director and executive director level.
For 2016, Chang is helping spread those efforts outside the company and around the world. She formed an external advisory committee — which includes representatives from Catalyst, 100 Women in Hedge Funds and Womensphere — to help share best practices and explore new avenues to promote diversity globally.
Another one of Chang's projects outside of work over the past year has been helping immigrants gain access to financial services. In May, she received the Justice and Opportunity Award from the New York Immigration Coalition for her involvement in the annual National Immigrant Integration Conference, which brings together nonprofit organizations to empower immigrant and refugee entrepreneurs through financial inclusion.