NEW YORK Jan 8 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