CAA NYC Reception, October 14, 2021
First Live, In-Person NYC Reception Since Pandemic
Some 40 Chase alumni and guests trusted their vaccines and the air circulation on the 13th floor of JPMorgan Chase's headquarters facility at 383 Madison Avenue to gather in person on October 14, 2021. It was the first such NYC gathering for Chase Alumni since the pandemic began.
JPMC's Takis Georgakopoulos (see bio at right) gave a very interesting presentation about the current status of JPMC payments and made some guesses about the future. He said that the bank currently processes about 4,000 financial transactions per second. Looking to the future, he predicted that individuals will not use cards or cell phones to do financial transactions, but that their accounts will be "attached" to their biometric identification. He answered questions asked by CAA members at the end of the presentation.
Thank you to JPMorgan Chase for hosting the two-hour event.
Guest Speaker from JPMC
Our gathering heard remarks from Takis Georgakopoulos, head of Wholesale Payments for J.P. Morgan's Corporate & Investment Bank (CIB) and a member of the firm’s Operating Committee. Wholesale Payments is a business that combines cash management, payment solutions and merchant services to corporate clients, financial institutions and governments. In this role, he oversees the Product, Client Service & Implementations and Sales teams globally.
Prior to this role, from 2013 to 2017, he served as the head of Strategy and Chief of Staff for the Corporate & Investment Bank, developing and executing the firm’s strategic initiatives. Before that, Takis spent four years in London building J.P. Morgan’s Global Corporate Bank, first as Chief Financial Officer and then as global head of Coverage for Multinational clients. Takis first joined J.P. Morgan in 2007 as head of Corporate Strategy. In that role, he worked on a broad range of strategy issues for the firm’s Operating Committee.
Before J.P. Morgan, Takis was a partner at McKinsey & Company in New York, where he advised major banks and Asset Managers, and helped lead McKinsey’s Asset Management practice.
Takis has a Ph.D. in Mathematical Economics, an MA in Mathematics of Finance and an undergraduate degree in Computer Science, studying in Greece and at Columbia University in the U.S. He sits on the boards of the Neuroscience Institute, the Program for Financial Studies of the Business School and the Graduate School of Arts and Science all at Columbia University.