Jes Staley
| James E. Staley | |
|---|---|
| Born | December 27, 1956 Boston, MA |
| Nationality |  United States |
| Other names | Jes |
| Alma mater | Bowdoin College |
| Occupation | CEO of J.P. Morgan Investment Bank |
James E. Staley, also known as Jes, is the chief executive of J.P. Morgan's Investment Bank. He is a member of JPMorgan Chase's Operating and Executive Committees.
[edit] Personal life
Jes Staley was born on December 27, 1956 in Boston, Massachusetts.[1] His father was an executive for PQ Corp. who eventually settled the family outside of Philadelphia, Pennsylvania. His grandfather, Edward Staley, was the top executive of W.T. Grant at the time of its bankruptcy in 1976.[1]
[edit] Education & Career
Mr. Staley joined Morgan Guaranty Trust Co. of New York in 1979 after graduating from Bowdoin College cum laude with a degree in economics.[2] From 1980 to 1989, he worked in the bank's Latin America division, where he served as head of corporate finance for Brazil and general manager of the company's Brazilian brokerage firm.[3] In the early 1990s, Jes became one of the founding members of J.P. Morgan's equities business and ran the Equity Capital Market and Syndicate groups.[3] In 1999, he became head of the bank's Private Banking division which, under his leadership, improved profitability threefold in two years. In 2001, he was promoted to CEO of J.P. Morgan Asset Management and ran the division from until 2009.[4] During his tenure, J.P. Morgan Asset Management's client assets expanded from $605 billion to nearly $1.3 trillion.[1] Jes has also been noted for his work on J.P. Morgan's strategic investment in Highbridge Capital Management; including recently being named one of the twenty hedge fund superstars at J.P. Morgan.[3][5] In 2009, Staley was promoted to Chief Executive of the Investment Bank, a position he holds today.[6] Additionally, Jes is now responsible for overseeing and coordinating the firm's international efforts across all lines of business.[7]
Jes is a Bowdoin College Trustee, serves on the boards of the Robin Hood Foundation, Institute of International Finance, United States-China Business Council, and is a member of the Council on Foreign Relations.[2]
[edit] References
- ^ a b c McDonald, Duff (2010-04-16). "The other guy you need to know at J.P. Morgan". CNNMoney.com. Fortune. http://money.cnn.com/2010/04/16/news/companies/jp_morgan_staley.fortune/index.htm. Retrieved 2010-06-01.
- ^ a b Corkey, Michael (2009-09-29). "A Dossier on Jes Staley: J.P. Morgan’s Next CEO?". Wall Street Journal. http://blogs.wsj.com/deals/2009/09/29/a-dossier-on-jes-staley-jp-morgans-next-ceo/. Retrieved 2010-06-01.
- ^ a b c "Jes Staley". J.P. Morgan. 2011. http://www.jpmorgan.com/pages/jpmorgan/bios/staley. Retrieved 2011-05-04.
- ^ "James E. Staley". Bloomberg Businessweek. 2010-05-31. http://investing.businessweek.com/research/stocks/people/person.asp?personId=9377612&ticker=JPM:US. Retrieved 2010-06-01.
- ^ Comstock, Courtney (2010-03-02). "The 20 Hedge Fund Superstars Hidden Inside JPMorgan". Business Insider. http://www.businessinsider.com/the-twenty-hedge-fund-managers-running-the-biggest-hedge-fund-in-the-world-2010-3#jes-staley-worked-on-the-deal-joining-highbridge-with-jpm-14. Retrieved 2010-06-01.
- ^ Comlay, Elinor (2009-09-29). "JPMorgan reshuffles leadership in succession clue". Reuters. http://www.reuters.com/article/idUSTRE58S2D020090929. Retrieved 2010-06-01.
- ^ Fitzpatrick, Dan (2011-06-25). "J.P. Morgan Overhauls Management". Wall Street Journal. http://online.wsj.com/article/SB10001424052702304665904576386120638671938.html?mod=WSJ_hp_LEFTWhatsNewsCollection. Retrieved 2011-06-15.
