University of Colorado Denver and J.P. Morgan Launch Academic World’s First Comprehensive Center for Commodities
April 05 2012 - 11:00AM
Business Wire
J.P. Morgan and the University of Colorado Denver today
announced the opening of the J.P. Morgan Center for Commodities, a
first-of-its-kind partnership in the academic world that will
provide innovative programs and academic work in the field of
commodity finance, economics and policy. The J.P. Morgan Center for
Commodities is supported by the firm’s $5.5 million gift to the
University of Colorado Denver Business School and aims to solidify
Denver as the world’s hub for this field of study.
“No academic program matches what the J.P. Morgan Center for
Commodities will provide,” said Don Elliman, University of Colorado
Denver chancellor. “J.P. Morgan will partner with the CU Denver
Business School to create that vital intersection for commodities
education and the industry. This partnership will not only prepare
future leaders in the industry but also will help the public better
understand the important role commodities play in our local,
national and global economy.”
“We are thrilled to support the University of Colorado Denver as
they expand academic and public understanding of the commodities
industry,” said Blythe Masters, head of J.P. Morgan Global
Commodities and a member of the JPMorgan Chase Executive Committee.
“We don’t see this as simply a gift to the school; it is an
investment to better prepare our future and existing talent and
improve public understanding through exciting new research.”
The J.P. Morgan Center for Commodities will offer students and
the industry innovative courses and research on commodity markets,
sustainable development, regulations, investing and trading, risk
management and ethics. No other university in the world combines
these fields of study and industry practices into one focused
curriculum.
The J.P. Morgan Center for Commodities occupies an iconic
location on the first floor of the new 120,000-square-foot CU
Denver Business School building in downtown Denver. The Center
features a state-of-the-art Finance and Commodities Lab, using
industry-standard financial software and technology tools, donated
by CQG, I H S and Trading Technologies, as part of students’
curriculum. The Lab will provide students with hands-on experience
and a better understanding of how trading can help commodity
producers and consumers alleviate some physical risks and financial
uncertainty in these industries.
The Center will make a high-profile addition to the University
of Colorado Denver and leverage the school’s global reputation for
academic excellence. “The partnership between J.P. Morgan and the
CU Denver Business School represents a tremendous opportunity to
establish a new and innovative place of learning that will link
business education and real world experience in the commodities
industry,” said Sueann Ambron, dean of the Business School. “We see
the Center as a tangible validation of J.P. Morgan’s leadership in
commodities and a dedication to education.”
Faculty and staff at the Center will collaborate with the
commodities industry to develop relevant course work and research
in industries such as agriculture, energy and minerals. Courses
will feature internationally-renowned professors and guest speakers
from the industry. The firm’s gift will also support The J.P.
Morgan Endowed Chair for Commodity Finance, Economics and Policy,
as well as several scholarships for high-achieving students earning
degrees related to commodities with plans to enter the
industry.
Environmental sustainability and socially-responsible
development will be an integral aspect of the education offered at
the J.P. Morgan Center for Commodities. Students will gain exposure
to this vital dimension of natural resource management and the
broader implications for business and the community.
The CU Denver Business School will offer specialization
certificates, undergraduate and graduate emphases and degrees and
professional education through the J.P. Morgan Center for
Commodities. Students can currently take courses in areas such as
finance, risk management, sustainability and international business
related to commodities. Beginning in Fall 2012, students can take a
specialization in finance, risk management and commodities. In
addition, professional education courses will begin at the Center
in 2013.
The vision is to create a world-class educational program that
will support the increasingly significant role of commodities in
Colorado, the U.S. and the world. Colorado’s history as a leader in
agriculture, energy and mining make Denver an excellent location
for the Center. Even today, Colorado’s economy is heavily driven by
commodities enterprises. For example, 27 percent of U.S. natural
gas resources are located in the Rocky Mountain West.
JPMorgan Chase, which has roots in Colorado dating back to 1874,
provided $3.2 million in grants and in-kind value to Colorado
non-profits in 2011. Along the Front Range, Chase has 125 branches
that serve more than 1 million Colorado customers.
The CU Denver Business School is the largest accredited graduate
school of business in the Rocky Mountain West, with 1,400
undergraduate and 1,500 graduate students, and is known as an
innovator with strong business partnerships. It has programs that
are the building blocks for commodities, including programs in
finance, risk management, energy, sustainability, and international
business. Flexible class schedules, a focus on academic rigor, and
real-world application made the Business School a top choice for
students, faculty and business. Located in Denver on the Downtown
Campus and on the Anschutz Medical Campus in Aurora, Colo., the
University offers more than 128 degrees and programs in 13 schools
and colleges and serves more than 28,000 students. For more
information, visit the online newsroom.
About J.P. Morgan
J.P. Morgan is the investment banking arm of JPMorgan Chase
& Co. (NYSE: JPM), a leading global financial services firm
with assets of $2.3 trillion and operations in more than 60
countries. The firm is a leader in investment banking, financial
services for consumers, small business and commercial banking,
financial transaction processing, asset management and private
equity. A component of the Dow Jones Industrial Average, JPMorgan
Chase & Co. serves millions of consumers in the United States
and many of the world’s most prominent corporate, institutional and
government clients under its J.P. Morgan and Chase brands.
Information about JPMorgan Chase & Co. is available at
www.jpmorganchase.com.
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