J.P. Morgan shuts down investment analytics unit

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December 3, 2025 | 12:00am

MANILA, Philippines — J.P. Morgan is discontinuing the services of Aumni, a venture capital investment analytics platform it acquired in 2023, with the Philippines among the markets affected by the global shutdown.

In an official statement yesterday, a spokesperson from the investment bank said that it regularly reviews its products and client offerings.

“We have taken the decision to discontinue Aumni’s services globally, which includes its operations in the United States, United Kingdom, India and the Philippines,” the spokesperson said.

“J.P. Morgan remains committed to the Philippines and the country continues to be a critical hub for our operations globally,” the spokesperson added.

While the bank did not provide specific numbers publicly, background information showed that the impact on Philippine staff is limited. Aumni’s affected employees in the country represent around one percent of J.P. Morgan’s local workforce.

With over 25,000 employees in the Philippines, this translates to roughly 250 roles.

J.P. Morgan said it is coordinating with the affected staff and exploring redeployment opportunities within the firm.

The decision to close Aumni follows an internal review of the bank’s product portfolio. J.P. Morgan acquired Aumni in March 2023 to strengthen its analytics capabilities in the venture capital segment, but later opted to discontinue the platform’s services globally.

Despite the shutdown, the firm emphasized that it continues to expand its operations in the Philippines, which remains one of its largest employment hubs worldwide.

“While Aumni is discontinuing its services, the firm continues to prioritize and invest in its relationships with venture capital firms, portfolio companies and the greater innovation economy,” the bank added.

Last week, J.P. Morgan kept an overweight call on Philippine equities, noting that the market is trading near crisis-level valuations but stands to benefit from growth and policy catalysts that are gaining traction.

Across Southeast Asia, J.P. Morgan expects 2026 to mark the beginning of a broad earnings recovery after several years of drag. It projects the regional Morgan Stanley Capital International ASEAN Index to reach 850 by end-2026, roughly 15 percent above current levels, supported by seven percent earnings expansion and valuation re-rating.