JPMorgan initially set up the Centralized Research Group (CRG) in Mumbai in August 2002 to provide research and analytical support to its Global Investment Bank, supporting bankers with customized intelligence on targeted companies, sectors and markets, analyzing potential business opportunities and preparing client marketing materials. Starting off with a team of 10, CRG today has a team of over 250 people with its research coverage expanding to JPM IB locations across the world. In 2004, CRG Shanghai was set up to add to the successful roll-out of the Mumbai CRG team and provide multi-lingual research support (mainly Chinese apart from working closely with Mumbai on English language research projects). At the moment, this 40+ member team provides research services in English and Chinese to various teams in JPMorgan CIB.
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