The former White House chief of staff is joining Switzerland-based Argentiere Capital, a hedge fund that was launched last year.
Financial Times reported that Bill Daley, who was also Commerce Secretary under President Bill Clinton, will work out of Chicago to help lead Argentiere’s American expansion, as well as provide macroeconomic and political advice. He joins a number of former Obama administration officials to have taken jobs in the financial industry.
Prior to Daley’s appointment to the White House in 2011, he was the Midwest chairman of JPMorgan.
Argentiere was founded by a group of former employees at JPMorgan’s equity proprietary desk, including Deepak Gulati, the former global head of equity proprietary trading at the bank.