Jes Staley Biography
Jes Staley (Real name – James Edward Staley) is an American banker who was born on December 27, 1956, in Boston, Massachusetts, U.S. He is the group chief executive (CEO) of Barclays. Staley spent 34 years at J.P. Morgan’s investment bank, ultimately becoming CEO. He moved to BlueMountain Capital in 2013, and on 1 December 2015 became CEO of Barclays.
Jes Staley Wife | Jes Staley Daughter | Yacht
Staley is married to his wife Debora Nitzan whom he met 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.”
However, the couple later married and has two daughters. They maintain residences on Park Avenue, New York City, and Southampton, New York. Staley owns a 90-foot Yacht named Bequia, after the Caribbean island where he honeymooned with Debora, his wife.
Jes Staley Age
Staley was born on December 27, 1956, in Boston, Massachusetts, USA, and is the current CEO of Barclays. Prior to his appointment, he had worked at JP Morgan in different capacities for over 30 years. Staley is 62 years old as of 2018.
Jes Staley Barclays | Ubs
In 2013, Jes Staley joined BlueMountain Capital as a managing partner. He was elected to the board of directors of the Swiss global financial services company UBS in May 2015, as a new member of the Human Resources and Compensation Committee and of the Risk Committee.
However, on 28 October 2015, it was announced that Staley would become group chief executive of Barclays, effective 1 December 2015. UBS accepted his resignation from all of his functions at UBS with immediate effect to avoid any conflicts of interest.
Staley gave his vision for the future of Barclay’s investment bank in March 2016, although the changes he brought were not well received by the markets.
Jes Staley Net Worth | Salary
Staley has bought 2.8m shares in Barclays at 233p, the lowest price at which they have traded. Barclays has a policy that directors should own shares worth four times their salaries, which Staley has now achieved, as his salary currently amounts to £1.2m.
His total remuneration package, including his salary, a fixed pay allowance to avoid the EU cap on bonuses, annual bonuses of up to £2.1m and a long-term incentive plan of £3.2m, is worth £10m. However, his net worth is yet to be reliably established.
Jes Staley Email | Contacts
Email: jes.staley@barclays.com
Telephone: 0207 116 1000
Switchboard: 0207 116 1000
Fax: 0207 116 7665
Website: https://www.barclays.co.uk
Postal Address: 1 Churchill Place, London, E14 5HPM
Company Number: 01026167C
Jes Staley Jp Morgan
After graduation, Jes Staley joined Morgan Guaranty Trust Co. of New York in 1979. He worked in the bank’s Latin America division from 1980 to 1989, where he served as head of corporate finance for Brazil and general manager of the company’s Brazilian brokerage firm. Staley became one of the founding members of J.P. Morgan’s equities business in the early 1990s and ran the Equity Capital Market and Syndicate groups.
Staley became head of the bank’s Private Banking division in 1999, which, under his leadership, improved profitability threefold during the two years. He was promoted to CEO of J.P. Morgan Asset Management in 2001 and ran the division until 2009. J.P. Morgan Asset Management’s client assets expanded from $605 billion to nearly $1.3 trillion during his tenure.
Jes Staley has also been noted for his work on J.P. Morgan’s strategic investment in Highbridge Capital Management by being named as one of the twenty hedge fund superstars at J.P. Morgan. His contribution to J.P. Morgan becoming an LGBT friendly company was also recognized.
Staley was promoted to Chief Executive of the Investment Bank in 2009. In this position, he was responsible for overseeing and coordinating the firm’s international efforts across all lines of business. Staley left J.P. Morgan in 2013, after more than 30 years to join BlueMountain Capital as a managing partner.
Jes Staley Whistleblowing
In 2016, Jes Staley’s attempts to discover a whistleblower’s identity were investigated for over a year by British regulators. This investigation was one of the first tests of the UK’s “Senior managers regime”, intended to make high-level banking officials personally accountable.
The Financial Conduct Authority and the Prudential Regulatory Authority on 20 April 2018, announced that Staley could stay on as CEO, though he would have to pay a fine. Staley was fined £642,430 by the FCA and Barclays said it would cut £500,000 of his bonus over the matter.
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