James Edward “Jes” Staley was born in December 27, 1956 in Boston, Massachusetts. He is an American broker, and the gathering (CEO) of Barclays. Staley has almost forty years of involvement with banking and monetary administrations. He went through 34 years at J.P. Morgan’s speculation bank, eventually turning out to be CEO. In 2013 he moved to BlueMountain Capital, and in December 2015, became CEO of Barclays.
His dad, Paul R. Staley, was president and CEO of PQ Corporation, a synthetic compounds company, who at last settled the family outside of Philadelphia, Pennsylvania. His granddad, Edward Staley, was the top chief of W.T. Award when the organization sought financial protection in 1976. His sibling, Peter Staley, is an AIDS activist.
Jes Staley graduated cum laude from Bowdoin College with a degree in financial aspects. Staley met his better half Debora Nitzan Staley not long after beginning work in South America, “I was Unitarian Boston American and she was Jewish Brazilian São Paulo … I was her folks’ most exceedingly awful nightmare.” The family has two daughters, and keeps up with homes on Park Avenue, New York City, and Southampton, New York. Staley is a Boston Red Sox fan and a gave Democrat who holds fundraisers. previously, he has given cash to the Democratic Senatorial Committee. Staley has additionally allegedly been a major supporter for variety since finding that his sibling Peter had been determined to have HIV. He helped push the variety plan at J.P. Morgan.
As of May 2017, Staley was moving his brother by marriage Jorge Nitzan in a debate that Aceco, a Brazilian innovation organization established by the Nitzan family, have with the private value firm KKR, likewise a significant customer of Barclays. Thusly, KKR quit welcoming Barclays to take an interest in its arrangement making.
In 1979, after graduation, Staley joined Morgan Guaranty Trust Co. of New York. From 1980 to 1989, he worked in the bank’s Latin America division, where he served as head of corporate finance for Brazil and general manager of the company’s Brazilian brokerage firm. In the early 1990s, Staley became one of the founding members of J.P. Morgan’s equities business and ran the Equity Capital Market and Syndicate groups. In 1999, he became head of the bank’s Private Banking division which, under his leadership, improved profitability threefold during two years. In 2001, he was promoted to CEO of J.P. Morgan Asset Management and ran the division until 2009. During his tenure, J.P. Morgan Asset Management’s client assets expanded from $605 billion to nearly $1.3 trillion. 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 a LGBT friendly company was also recognized. In 2009, Staley was promoted to Chief Executive of the Investment Bank. In this position, Staley was responsible for overseeing and coordinating the firm’s international efforts across all lines of business. In 2013, Staley left J.P. Morgan after more than 30 years to join BlueMountain Capital as a managing partner. In May 2015, he was elected to the board of directors of the Swiss global financial services company UBS as a new member of the Human Resources and Compensation Committee and of the Risk Committee. However, on October 28, 2015, it was announced that Staley would become group chief executive of Barclays, effective December 1, 2015. To avoid any conflicts of interest, UBS accepted his resignation from all of his functions at UBS with immediate effect. In February 2020 the FCA announced an investigation into whether Staley was “fit and proper” to lead Barclays, due to concerns over his previous disclosures of his relationship with Jeffrey Epstein. Staley told Bloomberg TV that “The investigation is actually focused on transparency, and whether I was transparent and open with the bank and with the board with respect to my relationship with Jeffrey Epstein.” Staley told colleagues that he expects to leave Barclays by the end of 2021 and could step down at the annual meeting in May 2021.