Jes Staley

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James E. Staley
Born (1956-12-27) December 27, 1956 (age 57)
Boston, MA
Nationality  United States
Education BA Economics
Alma mater Bowdoin College
Occupation CEO of J.P. Morgan Investment Bank
Board member of
Robin Hood Foundation
Institute of International Finance
US-China Business Council
American Museum of Natural History
Children 2 daughters

James E. Staley, also known as Jes, is the former CEO of J.P. Morgan's Investment Bank. He is a member of JPMorgan Chase's Operating and Executive Committees. On January 8th, 2013 it was announced that he would be leaving J.P. Morgan after a 34 year career to join BlueMountain Capital.

Personal life[edit]

Staley was born on (1956-12-27)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] Staley is married with 2 daughters, and maintains residences on Park Avenue and Southampton, in New York.[2]

Education & Career[edit]

Staley joined Morgan Guaranty Trust Co. of New York in 1979 after graduating from Bowdoin College cum laude with a degree in economics.[3] 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.[4] In the early 1990s, Staley became one of the founding members of J.P. Morgan's equities business and ran the Equity Capital Market and Syndicate groups.[4] 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 until 2009.[5] During his tenure, J.P. Morgan Asset Management's client assets expanded from $605 billion to nearly $1.3 trillion.[1] Staley 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.[4][6] In 2009, Staley was promoted to Chief Executive of the Investment Bank..[7] Staley was responsible for overseeing and coordinating the firm's international efforts across all lines of business.[8]

Staley 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 Advisory Board of the American Museum of Natural History.[3]

References[edit]

  1. ^ a b c McDonald, Duff (2010-04-16). "The other guy you need to know at J.P. Morgan". CNNMoney.com (Fortune). Retrieved 2010-06-01. 
  2. ^ Corkery, Michael (2009-09-29). "A Dossier on Jes Staley: J.P. Morgan's Next CEO?". The Wall Street Journal. 
  3. ^ a b Corkey, Michael (2009-09-29). "A Dossier on Jes Staley: J.P. Morgan’s Next CEO?". Wall Street Journal. Retrieved 2010-06-01. 
  4. ^ a b c "Jes Staley". J.P. Morgan. 2011. Retrieved 2011-05-04. 
  5. ^ "James E. Staley". Bloomberg Businessweek. 2010-05-31. Retrieved 2010-06-01. 
  6. ^ Comstock, Courtney (2010-03-02). "The 20 Hedge Fund Superstars Hidden Inside JPMorgan". Business Insider. Retrieved 2010-06-01. 
  7. ^ Comlay, Elinor (2009-09-29). "JPMorgan reshuffles leadership in succession clue". Reuters. Retrieved 2010-06-01. 
  8. ^ Fitzpatrick, Dan (2011-06-25). "J.P. Morgan Overhauls Management". Wall Street Journal. Retrieved 2011-06-15.