Kuala lumpur: JPMorgan Chase and Co (JPMorganChase) and The International Olympic Committee (IOC) have announced a landmark Worldwide Olympic Partnership, making JPMorganChase the first Global Banking Partner in Olympic history. The agreement covers the Los Angeles 2028 Olympic and Paralympic Games (LA28 Games) and the French Alps 2030 Olympic and Paralympic Winter Games. It also includes JPMorganChase becoming the Official Bank of Team USA and LA28, as well as a Founding Partner of the LA28 Games.
According to BERNAMA News Agency, JPMorganChase stated that the partnership reflects a shared commitment to ambition and excellence, with a focus on supporting athletes and communities worldwide. JPMorganChase Chairman and Chief Executive Officer, Jamie Dimon, noted that Olympians and Paralympians represent more than athletic achievement, emphasizing that their journeys mirror the aspirations of millions the firm serves globally. He added that the company is committed to supporting them beyond the Games.
Meanwhile, IOC President, Kirsty Coventry, mentioned that this partnership will support the Olympic Movement worldwide, leveraging JPMorganChase's global reach and expertise to deliver lasting benefits for athletes and communities. Through the collaboration, JPMorganChase aims to strengthen the long-term financial health of the Olympic and Paralympic Movements while creating new opportunities for athletes, businesses, and communities.
The partners also plan to support athletes through initiatives such as financial health workshops via the IOC's Athlete365 platform. JPMorganChase will serve as the Worldwide Olympic Partner across asset and wealth management, private banking, and commercial and investment banking. In the US, it will also act as a Founding Partner of the LA28 Games in the retail banking category.
In line with IOC policy, revenues generated from the partnership will be redistributed to support global sports organisations, including National Olympic Committees, their athletes, and Organising Committees for the Olympic and Youth Olympic Games. With operations in more than 60 countries and clients across over 100 markets, JPMorganChase brings extensive financial expertise to help drive economic growth and opportunity worldwide.