James E. Staley

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James E. Staley
Jes Staley.jpg
Occupation Chief Executive Officer
Employer Barclays
Location New York

James "Jes" Staley is the chief executive officer of Barclays. He joined the company in that role on December 1, 2015.[1]

He was previously managing partner at BlueMountain Capital Management LLC and a former JPMorgan Chase & Co. executive. He joined BlueMountain in early 2013 after more than three decades at JPMorgan.

He was appointed CEO of Barclays on October 28, 2015.[2] Starting in December 2015, he led the UK lender through a period of major restructuring.[3] [4]

Staley is a member of the board of UBS, which he joined in early 2015. He is also a member of an advisory committee to the Federal Reserve Bank of New York.

Background

Staley worked for JPMorgan for more than 34 years. His roles included chairman of the corporate and investment banking unit and chief executive of JPMorgan's investment bank. Before becoming CEO, he helped the investment management division double assets under management to $1.3 trillion.[5]

He was removed as chief executive in July 2012, after JPMorgan CEO Jamie Dimon reorganized the business segments and appointed two younger executives to be co-chiefs of commercial and investment banking. [6] Staley was at one time seen as a possible candidate to take over from Dimon as CEO of JPMorgan. [7]

Education

Staley graduated from Bowdoin College with a degree in Economics.[8]

References

  1. Barclays appoints Jes Staley as new CEO. CNBC.
  2. James Staley, Ex-JPMorgan Banker, Named C.E.O. of Barclays. The New York Times.
  3. Barclays set to pick Jes Staley as chief executive. The Financial Times.
  4. What Hiring Jes Staley Could Bring to Barclay's Investment Bank. Bloomberg.
  5. Dimon Diaspora Faces Biggest Challenge Yet. New York Times.
  6. JPMorgan investment bank chairman leaves for hedge fund. Reuters.
  7. JPMorgan's Staley Quits to Join BlueMountain Hedge Fund. Bloomberg.
  8. A Dossier on Jes Staley: J.P. Morgan's Next CEO?. The Wall Street Journal.