Ina R. Drew is a former high-ranking executive on

Wall Street Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for ...

. She was the chief investment officer for

JPMorgan Chase JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the w ...

before resigning after the company suffered a trading loss of $9 billion in April/May 2012. A report produced by the United States Senate Permanent Subcommittee on Investigations revealed that she did not understand the trading strategy, and could not explain it to the subcommittee. Furthermore, she lied to the subcommittee by stating she had not seen or received the "decision table" which outlined the various trading options for her in January 2012. Drew grew up in Springfield Township, New Jersey. She was one of very few high-ranking female executives on Wall Street. "Until the loss was disclosed late Thursday ay 10, 2012 Drew was considered by some market participants as one of the best managers of balance-sheet risks. She earned more than $15 million in each of the last two years." Her reported compensation for 2011 was $14 million. In 1993, she was profiled as one of "40 under 40" by ''

Crain's New York Business Crain Communications Inc is an American multi-industry publishing conglomerate based in Detroit, Michigan, United States, with 13 non-US subsidiaries. History Gustavus Dedman (G.D.) Crain, Jr. ( Gustavus Demetrious Crain, Jr.; 1885–1973), pre ...

''.Leuchter, Miriam
40 under 40; Profiles; Class of 1993; Ina R Drew, Age 36
, ''

''. Retrieved May 14, 2012. She was CIO of JP Morgan Chase & Co. since February 2005. "Prior to that she was Head of Global Treasury t JPM. She earned a master's degree in international economics from the

School of International and Public Affairs The School of International and Public Affairs at Columbia University (SIPA) is the international affairs and public policy school of Columbia University, a private Ivy League university located in Morningside Heights, Manhattan, New York City. It ...

Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manha ...

. Drew and her husband have been residents of the Short Hills neighborhood of

Millburn, New Jersey Millburn is a suburban township in Essex County, New Jersey, United States. As of the 2010 United States census, the township's population was 20,149, reflecting an increase of 384 (+1.9%) from the 19,765 counted in the 2000 Census, which had ...

. They have one daughter and one son. Ina Drew is now a trustee at

Barnard College Barnard College of Columbia University is a private women's liberal arts college in the borough of Manhattan in New York City. It was founded in 1889 by a group of women led by young student activist Annie Nathan Meyer, who petitioned Col ...

. In 2018, she and her husband donated $1 million to Barnard and Columbia to endow two scholarships.

References

{{DEFAULTSORT:Drew, Ina Year of birth missing (living people) Living people School of International and Public Affairs, Columbia University alumni American women bankers American bankers American women business executives People from Millburn, New Jersey People from Springfield Township, Union County, New Jersey Chief investment officers 21st-century American women