Most Powerful Women in Finance: Liz Myers, J.P. Morgan
Global Chairman, Equity Capital Markets
Amid the disruption caused by the coronavirus pandemic, Liz Myers has seized the chance to mentor the next generation of top bankers at J.P. Morgan, the investment banking unit of JPMorgan Chase.
Meetings with clients, held online now, accommodate members of her team who otherwise would not be able to attend if the group were expected to travel.
"Video in place has presented an unexpected benefit for junior staff, who can join more client meetings," said Myers, who is now the global chairman of the equity capital markets group at J.P. Morgan.
"The opportunity to advance in their understanding of client needs and to learn from senior bankers has truly accelerated."
In February, Myers became one of three women on J.P. Morgan's executive committee of global chairs for investment banking.
With Myers at the helm of equity capital markets, revenue for the group rose 38% in the three months that ended July 31, fueled both by the needs of companies looking to bolster balance sheets buffeted by the pandemic and the flexibility that Myers has incorporated throughout her team.
Myers said strong communication allowed the group to meet the moment.
During the first months of the pandemic, the team's roughly 100 bankers gathered daily on a call to update one another on developments and exchange ideas.
"This frequent and consistent interaction, despite its virtual nature, enhanced the depth of our advice for clients, brought us together as a team, and strengthened our culture," Myers said. "The pandemic forced us to rethink preconceived notions around how we do business and to think more creatively about what is possible."