Chase Alumni: Now or Never, Too-Big-to-Fail, The Late & Great Request

 
 
 
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NEWS & EVENTS (PAST AND FUTURE)                                            
 
#  We are sorry to say that if we do not have at least 20 people registered by Wednesday, December 18th for our planned trip to Tucson, we will have to cancel the reunion. If you've been waiting to sign up, please do so ASAP! If you're giving the trip as a holiday present, register now and announce it later! To learn more about this wonderful destination, check out last weekend's New York Times Travel section's 36 Hours in Tucson, or "The Points Guy" travel blog, which lists Tucson as one of the top places to visit in 2025And now Daily Passport has named it one of the 10 best places in the world to travel in 2025!
 
Register now for our mini-reunion planned for Tucson, Arizona, from March 3 to March 7, 2025. 
 
Why Tucson? In 2025, Tucson celebrates the 250th anniversary of its founding and 10th anniversary as the USA's first UNESCO City of Gastronomy for its Native American and Mexican culinary influences. (There are only two U.S. cities with the UNESCO certification.) Tucson is a city with the Old West in its DNA and, increasingly, a cultural and academic hub in the southwest. (One writer has quipped that “what Austin is to Texas, Tucson is to Arizona”!) March temperatures are usually in the mid-to-upper 70s or low 80s, and it’s usually dry. 
     You can extend your stay on your own to hike, play golf, go birding, stay at a spa (the original Canyon Ranch!), or visit Phoenix, Scottsdale or other nearby sites of historic, cultural and recreational interest. 
     We’re hoping to attract 30 to 35 participants from around the country (and world!) to Tucson, aka “the Old Pueblo”. You’ll need to be a dues-paying CAA member to register and may bring one guest. Let’s gather ‘round the cacti and the OK Corral! 
     We will be staying downtown, next to the University of Arizona campus, at Graduate by Hilton Tucson, a 4-star hotel that is part of the boutique Graduate Hotels chain newly acquired by Hilton. (You can use your Hilton Honors points to pay for your room or earn points.) We are arranging a group rate for the hotel, but you will be responsible for making your own reservations and paying the hotel directly. You are also responsible for your own travel to and from Tucson.
     The three programmed days of the trip are organized around three themes:
Tucson's history, ecology and food heritage, with a former MacArthur Foundation "Genius" Award recipient as our dinner speaker.
Gems, Aviation and Heavenly Music
The Old West and Cowboys!
     Best of all, you'll be among your amigos from Chase Alumni.
NOTE: There are non-stop flights to Tucson from Atlanta, Chicago, Dallas Fort Worth,  Denver, Houston, Los Angeles, Minneapolis St. Paul, Orange County, Phoenix, Portland, Sacramento, Salt Lake City, San Diego, San Francisco and Seattle.
     Learn more and reserve now by clicking hereQuestions? Contact Andrea at news@chasealum.org.

# The Financial Stability Board this week named JPMorgan Chase the most "global systemically important bank". Read about how JPMC is the world's "most too-big-to-fail" bank.  
 
The canary in the HQ? According to Reuters, "JPMorgan is assessing options for its European headquarters in London as the fast-expanding Wall Street bank outgrows its existing tower in London's Canary Wharf financial district." 
Read more here.
 

Chase Alumnus Ron Mayer led 19 lucky alumni and friends of CAA on a highlights tour of New York's American Museum of Natural History on October 30, 2024. Click here for the rave reviews and some photos – and plan to join us if the wise, funny and informative Mayer is generous  enough to offer another tour!

 
Read this New York Post story to learn how the current owner of 28 Liberty Street is upgrading what was once 1CMP (1 Chase Manhattan Plaza).
 
 
Ed Moran found an amusing story about Joseph Reed, David Rockefeller's closest associate, in a book about traveling on Air Force One. You can decide whether it's a story about broken communication, as the author suggests, or about entitlement or chutzpah! Now we've added a vintage Reed story from Bill Flanz. We welcome other stories about Reed. Send to news@chasealum.org.
 
 
 
 
In a story about how Texas has become a burgeoning financial hub, The Wall Street Journal reported that JPMorgan Chase has more employees in the Lone Star State than in New York State – 31,000 vs 28,300!
   
 
 
 "In Texas, about 12,700 [JPMC] employees work out of a 50-acre campus in the Dallas suburb of Plano, where meeting rooms are decorated with saddles and Western wear and on-site eateries include a Texas barbecue stand. The complex, comprising  four buildings and 1.5 million square feet of office space, has doubled its employees since it opened in 2017," writes WSJ reporter Elizabeth Findell.
 
 
LIFE AFTER CHASE                                                                            
 
Diane Santomouro Bresee has spent post-Chase time painting and traveling. The 112 East 96th Street branch of the New York Public Library hosted an exhibit of eight of her paintings (under the name "Diane Santo") through the end of November 2024. The paintings are of Papua New Guinea – inspired by her father's service there in World  War Two and her own visit to the country in 2013.
 
 
After leaving Chase, Michael Prasad changed his focus from financial risk to the risks of natural hazards. First as a volunteer and then as a staffer and consultant, he became involved with emergency management for the American Red Cross, the State of New Jersey and FEMA. He has now published a comprehensive "pracademic" guide to water-related emergencies – an indispensible best practices reference for  gov­ernment officials, water system operators, urban planners and others, including those with non-Emergency Management roles.
 
CAA TECH CORNER WITH DAN ALVAREZ                                       
 
In his eighth feature dedicated to defining emerging trends in technology, in plain English, CAA board member Dan Alvarez covers the largest and most expensive IT outage in history: the CrowdStrike disaster. This article dives a bit deeper into enterprise cybersecurity concepts and also provides a great example of how a single seemingly innocuous mistake caused over $10 billion in global damages within a short amount of time.
     Dan's columns look at tech trends at a "100-level" for Luddites, brilliant (of course) but non-technologically inclined bankers and anyone else in the financial world embarrassed to ask basic questions while looking at the "big picture". 
 
EVENT PHOTOS                                                                                  
 
# Remember: Dues-paying Chase Alumni Association members can explore the numerous photo albums on the website. 
 
# Members of CAA Vienna enjoyed Thanksgiving dinner at an estate in Hungary
 
 
A person and person smiling at a partyDescription automatically generatedClick here to see photos from the September 30, 2024 NYC reception that JPMC graciously hosted for more than 90 alumni. This is our website's 200th photo album! Apologies to the few alumni our photographer didn't capture. If you spot a caption error, please contact news@chasealum.org, with a screenshot of the photo. Remember: Only dues-paying CAA members can see the photo albums. Please be sure to log on before attempting to view the photos.
 
 
MOMENTS IN BANK HISTORY                                                        
 
 (And remember...you have friends at Chase Alumni who want to see photos of your Bank memorabilia! Please send to news@chasealum.org.  
 
Object of the Week: Welcome to December...1938.
 
 
 
 
With a new contribution by Bill Kaufmann, we're relaunching our Paying Tribute to My Mentor series, with Part 5. If you haven't written about your mentor and would like to, please  send your paean to news@chasealum.org.
 
 
 
 
 
 
For 10 years at least, Chase Manhattan ran ads for the CMB Personal Trust Department featuring chained, supersized (nest) eggs. See how the ad campaign evolved and presented ideas for retirement over the 14 ads we've captured from the 1950s and 1960s. (Two separate posts)
 
 
 
 
 
 
LOOKING FOR INPUT...                                                                                                 
We're always looking for new Lives After Chase (in non-financial areas) and Moments in Bank History. We also welcome new contributions to such existing series of articles as: Ex-Pat Housing, Corruption, Mentors, Bankers in Danger and our newest, Corporate Culture. Please remember to send your story or story ideas to Andrea at news@chasealum.org. As always, you can write something up, or Andrea can interview you and write it up for you.
 
IN MEMORIAM                                                                                      
 
Please send remembrances and news of recent alumni deaths to news@chasealum.org
 
# IN REMEMBRANCE: On December 29th, we will be listing everyone whose "In Memoriam" was published on our website in 2024. If you know of an alumnus who died this year whose death was not acknowledged here, please send us the name and any obituary information you have by Christmas. We would also appreciate your telling us about your late colleague's bank career. Thank you.
 
Eugene (Gar) Bewkes III, 74, a pioneer in leveraged finance who co-founded Manufacturers Hanover Trust's Specialized Financing Group, died of leukemia on November 18, 2024. He had also been a senior executive at Bear Stearns.
 
 
 
 
 
 
 
Joseph L. Giuntawho was an industrial engineer for Manufacturers Hanover Trust, Chemical Bank and Chase Manhattan, died on October 27, 2024. He was 88 and had lived in Midland Park, NJ.
 
 
 
 
 
 
Howard E. Hallengrenonce Chief Investment Officer at First National Bank of Chicago and Chase Manhattan's Chief Investment Officer of International Private Banking for a decade, died on October 13, 2024 in Chicago, IL. He was 94. He self-published a novel, partially based on embezzlements he witnessed at Chase.
 
 
 
 
Dorinda Oliverthe first woman in charge of a branch bank at Manufacturers Hanover Trust and one of its first female vice presidents, died on September 21, 2024 in Langhorne, PA. She was 81.
 
 
 
 
 
Peter Semple Ness, a lawyer by training who worked in North America Finance/Capital Markets for Chase from 1984 to 1988, died October 1, 2024, in Greenwich, CT. He was 85.
 
 
 
 
 
 
 
Travis Hammer, Jr., 81, a corporate banker who was a veteran of Manufacturers Hanover Trust, Bank One of Texas and JPMorgan Chase, died on September 25, 2024 in Dallas, TX.
 
 
 
 
 
 
We were only recently notified of the July 15, 2021 death of Louella R. Jones (Johnson), 66, who spent 20 years at Chase. When she left for health reasons in 2003, she was a Second Vice President in the Loan Syndications area.
 
 
 
 
 
We were only recently informed of the April 3, 2024 death of  Frank Salerno, 93, of Bronxville, NY. Salerno was a country manager for Chase Manhattan in Italy and regional manager in Europe and Asia.  
 
 
 
 
 
Roman Koifman, 68, of Paramus, NJ, died on October 8, 2024. At Chase from 1988 to 2005, he was a brilliant product strategist, developer and manager, particularly in credit cards and digital platforms.
 
 
 

How Best to Use the CAA Membership Directory                         

If you have not done so recently, please update
the information in your profile, so that the CAA and other members would be better able to contact you. Using the Membership Directory is a privilege of dues-paying CAA members.
 
Now get a refresher on how to best use the membership directory to find an individual or
groups of individuals you would like to contact. (Note that only dues-paying members have
access to the directory.).
 
To get to the directory, log in at www.chasealum.org. On the home page menu, click on Membership and then Member Directory.
 
When searching by name, or in any of the other search areas, we advise starting by putting in less information in the search field. For example, if you want to find William Smith, type only Smith in the Search by Name box; if you put in “William Smith” and he is calling himself Bill Smith in his profile, you will not find him.
 
If you want to find members who live near you, enter the city, state or country (or any combination) under Location. The Years at Chase search is very valuable. Type in 1996-2005, for instance, and you will find everyone who worked for the bank (including heritage banks) during those years. You can narrow your search by also typing in a location or job title.

Once you have entered the search words, click on Search at the bottom of the page. When members’ names appear, click on their names to obtain more detailed information about them.

If you have any problem with any of this, contact Ken Jablon at jablonkt@aol.com.

As always: If the links do not work for you, you can always access the latest stories by logging on to CAA's web site.

If you have any questions, please send an e-mail to Ken Jablon or call Ken (during normal working hours) at 212-799-9525.

By the by: Don't forget to explore the rest of the CAA Web site. (www.chasealum.org) Just click on the home page menu buttons to find the news archive, photo album, membership directory, past In Memoriams and benefit information.

 

The Board of the Chase Alumni Association  

          
 
 
 





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