Aumni Shutdown Marks JPMorgan’s Global Review of Analytics Operations

JPMorgan Chase & Co will discontinue Aumni’s services worldwide, with the Aumni shutdown affecting operations in the Philippines where the venture-capital analytics unit represents around 1% of the bank’s roughly 25,000 employees, according to local media and a bank statement.

The shutdown also covers Aumni’s operations in the US, Britain and India, although JPMorgan emphasised that the Philippines remains a critical hub for its broader activities.

People familiar with the matter said the bank is exploring redeployment options for affected staff in Manila.

Aumni, founded in 2018 in Salt Lake City, provides software that structures and analyses legal and economic terms in private-market transactions and portfolio monitoring.

JPMorgan acquired the firm in 2023. The Aumni shutdown followed a global review of products and client offerings.