|Born||James Edward Staley
December 27, 1956
Boston, Massachusetts, United States
|Alma mater||Bowdoin College|
|Board member of||Robin Hood Foundation
Institute of International Finance
US-China Business Council
American Museum of Natural History
|Parent(s)||Paul R. Staley|
|Relatives||Peter Staley (brother)
Edward Staley (grandfather)
James Edward "Jes" Staley (born December 27, 1956), is an American banker and the chief executive officer (CEO)-designate of Barclays. He was formerly the CEO of J.P. Morgan's investment bank, where he spent 34 years, before leaving in 2013 to join BlueMountain Capital.
Staley was born on Boston, Massachusetts. His father, Paul R. Staley, was president and CEO of PQ Corporation, a chemcials company, 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. His brother is AIDS activist Peter Staley. December 27, 1956 in
Staley joined Morgan Guaranty Trust Co. of New York in 1979 after graduating. 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. 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. 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. During his tenure, J.P. Morgan Asset Management's client assets expanded from $605 billion to nearly $1.3 trillion. Staley has also been noted for his work on J.P. Morgan's strategic investment in Highbridge Capital Management, including at one point being named one of the twenty hedge fund superstars at J.P. Morgan. In 2009, Staley was promoted to Chief Executive of the Investment Bank. Staley was responsible for overseeing and coordinating the firm's international efforts across all lines of business.
In 2013, Staley left J.P. Morgan after more than 30 years to join BlueMountain Capital as a managing partner. He was elected to the board of directors of UBS in 2015.
On 28 October 2015, it was announced that Staley would become group chief executive of Barclays, effective 1 December.
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.
Staley met his future wife soon after starting work in South America, "I was Unitarian Boston American and she was Jewish Brazilian São Paulo ... I was her parents' worst nightmare." They have two daughters, and maintain residences on Park Avenue, New York City, and Southampton, New York.
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