James Edward “Jes” Staley is a banker born in Boston, Massachusetts, United States. His Jewish Brazilian wife Debora Nitzan Staley is from São Paulo, Brazil.
Born in Sacramento, California, USA, Jes’s younger brother Peter Staley is known for his work in HIV/AIDS activism. Their father Paul R. Staley was the president and chief executive officer of the chemicals company PQ Corporation.
Paul’s father Edward Staley was the top executive of W.T. Grant when the company filed for bankruptcy in 1976.
Jes, Debora and their two daughters have two residences in New York, USA. Here are 13 more things about him:
- He graduated cum laude from Bowdoin College in Brunswick, Maine, USA with a bachelor’s degree in economics.
- In 1979, he joined Morgan Guaranty Trust Co. of New York.
- He is 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.
- In 2001, he became J.P. Morgan’s Asset Management CEO.
- In 2009, he became J.P. Morgan’s Investment Bank CEO.
- In 2012, Jeffrey Epstein started arguing for him in financial circles while Barclays was searching for a new CEO, according to emails published in 2015. The universal bank headquartered in London, England, United Kingdom denied being lobbied by Epstein on his behalf.
- In 2013, he left J.P. Morgan and joined 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. On October 28, 2015, it was announced that he would become the new Barclays CEO effective December 1, 2015. UBS accepted his resignation.
- In 2016, British regulators investigated his attempts to discover a whistleblower’s identity.
- On April 20, 2018, the Financial Conduct Authority and the Prudential Regulatory Authority announced that he could stay on as the Barclays CEO but he would have to pay a fine. He was fined £642,430 by the FCA and Barclays announced that it would cut £500,000 of his bonus.
- In May 2017, email prankster James Linton started pranking with an acrostic alluding to the whistleblower affair.
- In February 2020, the FCA announced an investigation into whether he was fit and proper to lead Barclays due to concerns over his previous disclosures of his relationship with Epstein, who reportedly committed suicide on August 10, 2019 in New York City, New York.
- He was 64 years when he resigned as the Barclays CEO on November 1, 2021. He was replaced by his protégé C. S. Venkatakrishnan.