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JPMorgan CEO Joins BlueMountain

Jan 08, 2013
Jing Chen

The chairman of JPMorgan Chase & Co.’s investment banking unit is leaving his post to join hedge fund firm BlueMountain Capital Management.

New York-based BlueMountain said in a statement Tuesday that James Staley, who has been with JPMorgan for over 34 years, is now a managing partner at the hedge fund where he will focus on cultivating relationships and developing new strategies.

Staley will also purchase a stake in BlueMountain and its proceeds will be invested in new infrastructure, technology and talent.

Founded in 2003, BlueMountain has an additional office in London. The firm has about $12 billion in assets under management.


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