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Mary Erdoes

Chief Executive Officer of Asset & Wealth Management and Executive Vice President, Jpmorgan Chase

Search every verified Mary Erdoes interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Mary Erdoes, CEO of JPMorgan Asset & Wealth Management, said in November 2025 that artificial intelligence is not a bubble, calling that idea a "crazy concept." Speaking at CNBC's Delivering Alpha conference, she described AI as a "transformative opportunity" and a "major revolution" in how companies operate, comparing its potential impact to a process that will happen "slowly, then all at once." Erdoes stated that the market is still figuring out how to price AI's potential and that companies are only beginning to harness its power, predicting "explosive growth in both revenue and expenses." Regarding the broader economy, Erdoes said she does not foresee a recession in the near term, noting that people have been predicting one for five years without it materializing. She characterized the current environment as a "great buying opportunity" for credit investments. Erdoes also discussed the shift in investment options, noting that investors must consider whether they can sustain periods of illiquidity when accessing private markets. She has emphasized that diversification is key to preserving wealth, stating that while people often build wealth by mastering one thing, they keep and grow it through diversification.

Recent appearances

Notable quotes

“Access to private markets is improving — we can now include private assets in mutual funds (up to 10%), evergreen vehicles and even listed ETFs, which helps democratize access and bridge the gap between public and private investing.”

“The primary investment opportunity remains the public markets — but the number of U.S. public companies has fallen from 7,300 in 1996 to 4,300 today while private equity and private credit have grown dramatically, raising questions about access and the ability to bear illiquidity.”

Other executives at Jpmorgan Chase

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