JPMorgan investment bank chairman Staley joins hedge fund
NEW YORK Jan 8 (Reuters) - Jes Staley, chairman of the investment banking unit of JPMorgan Chase & Co, is leaving the company to join hedge fund BlueMountain Capital Management, the fund said on Tuesday.
Staley had been chief executive of JPMorgan's investment bank until July, when Jamie Dimon, CEO of the company, reorganized business segments and named two younger executives to be co-chiefs of commercial and investment banking.
Staley had been at JPMorgan for 34 years.
BlueMountain said Staley will become its ninth managing partner. The firm said it has over $12 billion in assets under management.
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Investigators focus on foul play behind missing plane: sources |
- CEOs of biggest Russian firms could be hit by sanctions: paper |
- Kremlin website hit by 'powerful' cyber attack
- Search for Malaysian plane may extend to Indian Ocean - U.S |