Peter L. Scher is the JPMorgan Chase's senior executive in the Mid-Atlantic region—now representing the third largest economy in the United States—with commercial banking, asset management, and investment banking offices throughout Virginia, Maryland, and the District of Columbia.
Scher also oversees Government Relations and Public Policy, Philanthropy, Sustainable Finance, Nonprofit Engagement, and the JPMorgan Chase Institute. He is Chairman of the JPMorgan Chase Foundation, one of the largest corporate foundations in the United States.
He has led the development of a number of the firm’s flagship programs, including the $150 million investment in Detroit’s revitalization. Fortune Magazine highlighted the impact of the Detroit investment in ranking JPMorgan Chase No. 1 on its 2017 “Change the World” list, which recognizes companies that have had measurable social impact through activities that are a part of their core business strategy. In 2016 and 2017, Scher was named by Washington Life Magazine to their list of the 100 most influential people in the U.S. capital region, noting his years of experience in navigating the intersection of business and the public sector.
Prior to joining JPMorgan Chase in 2008, Scher was the Managing Partner of the Washington, D.C. office of Mayer Brown LLP and earlier served as the Chairman of the firm's Government and Global Trade Practice. He was selected by Chambers USA as one of the “Leading Lawyers” for 2005, 2006, and 2007, recognized for his “depth of understanding, particularly with regard to financial institutions competing in international markets.”
Scher spent nearly a decade in public service. Nominated by President Clinton, he was confirmed by the United States Senate as U.S. Special Trade Ambassador and served as one of the lead U.S. negotiators on China's entry into the World Trade Organization. He previously served as Chief of Staff for the U.S. Trade Representative and the U.S. Department of Commerce, Staff Director for the Senate Committee on Environment and Public Works and Chief of Staff to former U.S. Senator Max Baucus. He also served as U.S. Representative to the Asia Pacific Economic Cooperation Forum (APEC) Business Advisory Council.
Scher serves on the Board of Trustees for American University and the Brookings Institution and the Board of Directors of the Greater Washington Partnership and the Economic Club of Washington, D.C. He is a member of the Council on Foreign Relations and the Atlantic Council task force on EuroGrowth.
Scher received his B.A. from American University (AU) and his J.D. from AU's Washington College of Law.