Jes Staley
Encyclopedia
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.
, Massachusetts
. 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.
cum laude with a degree in economics. 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, Jes 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 from until 2009. During his tenure, J.P. Morgan Asset Management's client assets expanded from $605 billion to nearly $1.3 trillion. 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. In 2009, Staley was promoted to Chief Executive of the Investment Bank, a position he holds today. Additionally, Jes is now responsible for overseeing and coordinating the firm's international efforts across all lines of business.
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
.
Personal life
Jes Staley was born on December 27, 1956 in BostonBoston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...
, Massachusetts
Massachusetts
The Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010...
. His father was an executive for PQ Corp. who eventually settled the family outside of Philadelphia, Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
. His grandfather, Edward Staley, was the top executive of W.T. Grant at the time of its bankruptcy in 1976.
Education & Career
Mr. Staley joined Morgan Guaranty Trust Co. of New York in 1979 after graduating from Bowdoin CollegeBowdoin College
Bowdoin College , founded in 1794, is an elite private liberal arts college located in the coastal Maine town of Brunswick, Maine. As of 2011, U.S. News and World Report ranks Bowdoin 6th among liberal arts colleges in the United States. At times, it was ranked as high as 4th in the country. It is...
cum laude with a degree in economics. 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, Jes 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 from until 2009. During his tenure, J.P. Morgan Asset Management's client assets expanded from $605 billion to nearly $1.3 trillion. 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. In 2009, Staley was promoted to Chief Executive of the Investment Bank, a position he holds today. Additionally, Jes is now responsible for overseeing and coordinating the firm's international efforts across all lines of business.
Jes is a Bowdoin College
Bowdoin College
Bowdoin College , founded in 1794, is an elite private liberal arts college located in the coastal Maine town of Brunswick, Maine. As of 2011, U.S. News and World Report ranks Bowdoin 6th among liberal arts colleges in the United States. At times, it was ranked as high as 4th in the country. It is...
Trustee, serves on the boards of the Robin Hood Foundation
Robin Hood Foundation
The Robin Hood Foundation is a charitable organization, which attempts to alleviate problems caused by poverty in New York, United States.-History:Founded in 1988, Robin Hood was the brainchild of hedge fund manager Paul Tudor Jones...
, Institute of International Finance
Institute of International Finance
The Institute of International Finance, Inc. is the world's only global association of financial institutions. It was created by 38 banks of leading industrialised countries in 1983 in response to the international debt crisis of the early 1980s...
, United States-China Business Council, and is a member of the Council on Foreign Relations
Council on Foreign Relations
The Council on Foreign Relations is an American nonprofit nonpartisan membership organization, publisher, and think tank specializing in U.S. foreign policy and international affairs...
.