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Mellody Hobson just earned a seat that is occupied by few women in the financial services industry.
On March 20, 2018, JPMorgan Chase announced that Mellody Hobson will join Chase’s Board of Directors. JPMorgan Chase is one of the world’s oldest and largest financial institutions, with total assets exceeding $2.5 trillion in 2017.
Leading financial thought leader and world-renowned speaker Mellody Hobson says she is very excited to bring her knowledge and experience to the company. “JPMorgan Chase is one of the most dynamic, successful companies in the world today — impacting the financial lives of millions of people and doing so with integrity and expertise… I’m very excited about helping make it an even more valuable resource for its customers and communities,” said Hobson in a statement.
Hobson has been President of Ariel Investments since 2000. Ariel Investments, headquartered in Chicago, is one of the largest African-American owned investment firms with over $10 billon in assets under management. Hobson joined Ariel as an intern and was later promoted as the firm’s senior vice president and director of marketing. Ariel Investments was the only company she worked for. She often jokes about how she is the only person in her graduating class at Princeton who has had the same work number since graduation.
Hobson’s appointment to Chase’s Board of Directors is a major victory but she is no stranger to the board room. She’s served on the board of some of the most prominent Fortune 500 corporations including Starbucks Corporation and The Estée Lauder Companies. She also served as the Board Chair of DreamWorks Animation. In 2017, she became the first African American woman named to Head of Economic Club of Chicago.
Hobson is a nationally recognized voice on financial literacy and investor education. In 2015, Hobson was named to Time Magazine’s annual list of the 100 most influential people in the world.
With this long list of noteworthy accomplishments under her belt, Hobson is well positioned to be a tremendous asset to JPMorgan Chase.
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