Bloomberg Talks Mary Erdoes Talks Credit Market and AI
Oct 28, 2025
Mary Erdoes, CEO of J.P. Morgan Asset & Wealth Management and a veteran in global banking, shares insights on the credit market and AI's transformative role in banking. She highlights the importance of monitoring credit stress signs and discusses how AI enhances client personalization and operational efficiency. Erdoes also emphasizes that AI won’t displace curious, adaptive workers, but rather those resistant to change. With a forward-looking perspective, she explores inflation drivers and portfolio management strategies heading into 2026.
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90 Years In Saudi Arabia
- J.P. Morgan celebrated its 90-year presence in Saudi Arabia, predating oil discovery and facilitating gold payments across the region.
- Mary Erdoes highlighted long-term partnerships and local credit training that shaped regional leaders.
Long-Term Presence Wins Trust
- Competing in the region requires long-term commitment, trust-building, and broad services across payments and investments.
- Erdoes says deep regional presence and longevity convert into client relationships through good and bad cycles.
Wealth Priorities Are Largely Universal
- Wealth management client priorities are broadly similar across jurisdictions despite home-country bias.
- Erdoes notes global interest in AI, energy, onshoring, and manufacturing opportunities at FII.