JPMorgan Chase has long been committed to advancing equity and inclusion for the Asian and Pacific Islander community. In 2021, the firm formalized this commitment by establishing the Office of Asian & Pacific Islander Affairs – a full-time, dedicated team driving a strategy to enable opportunity and progress for Asian and Pacific Islander employees, customers, clients and communities globally.
With a rise in anti-Asian discrimination across the world and income inequality rising rapidly among Asian Americans in the United States, JPMorgan Chase is raising awareness about cultural identity and the unique challenges faced by Asian and Pacific Islander individuals, employees, and communities.
“Through this initiative, we are creating a more equitable and inclusive future for this vibrant, diverse and growing global community” says Vivian Young, global head of the Office of Asian and Pacific Islander Affairs.
The firm is taking a holistic approach to Diversity, Equity, and Inclusion (DEI) by equipping employees with mentorship and resources to grow, providing customers with the tools they need to build their financial future, and supporting Asian-American entrepreneurs in growing their businesses and deepening engagement with local communities and advocacy organizations.
One of those advocacy organizations is the US Pan Asian American Chamber of Commerce (USPAACC). Through partnership with groups like USPAACC, JPMorgan Chase can go beyond its internal diversity efforts to enhance the diversity of its supply base as well. USPAACC serves as a gateway for suppliers to build relationships with corporations across many industries.
JPMorgan Chase is a long-standing supporter of USPAACC because of the organization’s reach into the Asian American business community across the U.S.
“For many years, USPAACC has provided one of the best platforms for our team to identify and connect with Asian business owners across a variety of industries”, says Bill Kapfer, global head of supplier diversity, community engagement at JPMorgan Chase. “The launch of a dedicated center of excellence, here at the firm will enable us to take our work a step further, finding new and creative ways to support Asian American entrepreneurs”.