Alumni Celebration

Spotlight success.


Judson C. Green T. Russell shields Joanne C. Smith Karen L. Parkhill


Karen L. Parkhill, ’92
CFO, Commercial Bank, JP Morgan Chase and Company

From the start, Karen Parkhill, ’92, has been among the best in the banking industry. Before earning her MBA, she was an associate with Rauscher Pierce Refsnes Inc.’s Public Finance and Investment Banking Group. She developed, structured, documented, and marketed bond issues for municipal clients and tax-exempt corporations, modeled complex financial structures, and served as the technical expert on client restructuring deals.

After receiving her MBA, Parkhill joined JPMorgan’s mergers and acquisitions group in New York, where she handled day-to-day project management for a high-profile M&A transaction to sell a bankrupt global media empire through four sell-side auctions and two IPOs'.

Two years later, she moved to the investment banking group in Chicago as an associate, managing advisory and financing transactions and providing client management support for industrial, consumer, and media clients. In 1996, Parkhill was named vice president of the group, responsible for client relationship management, new business development and transaction execution.

Over the next five years, Parkhill gained experience serving customers in the consumer, industrial, transportation, chemical and media industries requiring comprehensive investment banking products including M&A, equity; high-yield investment-grade and asset-backed debt; fixed income and equity derivatives; and private placements.

In 2001, she was named managing director, serving as client executive for more than 20 large corporate industrial clients, managing global teams across product groups, and having ultimate responsibility for significant revenue generation. Parkhill also served on several committees, including leading the recruiting team at Chicago GSB.

After 13 years at JPMorgan, she was named CFO of JPMorgan Chase and Company’s Commercial Banking line of business. Commercial Banking has over $4 billion in revenue, $1 billion in net income, $65 billion in loans, $95 billion in deposits, and more than 4,000 employees. Parkhill manages a team of 120 people and has responsibility for financial reporting and control, budgeting and forecasting, and operating risk. She is a key executive in guiding Commercial Banking’s strategic direction and focus.