How Jes Staley built a successful career. Explore key moments that defined the journey.
James 'Jes' Staley is an American banker best known as the former Group Chief Executive of Barclays. Prior to Barclays, Staley spent 34 years at J.P. Morgan's investment bank. In 2013, he transitioned to BlueMountain Capital before assuming the CEO role at Barclays in December 2015. His career reflects a long trajectory in the banking and financial sector, culminating in leadership positions at major institutions.
In 1979, Jes Staley joined Morgan Guaranty Trust Co. of New York City after graduation.
In 1980, Jes Staley started working in the Latin America division of Morgan Guaranty Trust Co.
In 1989, Jes Staley ended working in the Latin America division of Morgan Guaranty Trust Co.
In 1999, Jes Staley became the head of the Private Banking division at J.P. Morgan, improving profitability threefold within two years.
In 2001, Jes Staley was promoted to CEO of J.P. Morgan Asset Management.
In 2009, Jes Staley ended his tenure as CEO of J.P. Morgan Asset Management, during which client assets expanded significantly.
In 2009, Jes Staley was promoted to chief executive of the Investment Bank at J.P. Morgan, overseeing international efforts.
In 2013, Jes Staley left J.P. Morgan after more than 30 years to join BlueMountain Capital as a managing partner.
In May 2015, Jes Staley was elected to the board of directors of UBS, a Swiss global financial services company, as a member of the Human Resources and Compensation Committee and of the Risk Committee.
In October 2015, Jes Staley's contribution to JP Morgan becoming an LGBT friendly company was recognized.
On October 28, 2015, it was announced that Jes Staley would become the group chief executive of Barclays, effective December 1, 2015.
On December 1, 2015, to avoid conflicts of interest, UBS accepted Jes Staley's resignation from all of his functions at UBS with immediate effect.
In December 2015, Jes Staley became the CEO of Barclays after spending 34 years at J.P. Morgan and a brief period at BlueMountain Capital.
In March 2016, Jes Staley presented his vision for the future of Barclays' investment bank, although the changes were not initially well-received by the markets.
In November 2021, Jes Staley resigned from his position at Barclays amid a regulatory probe into his relationship with Jeffrey Epstein. The New York Times reported that Staley was Epstein's "chief defender" at J.P. Morgan.
On November 1, 2021, Jes Staley resigned from Barclays following the results of the company's investigation of his associations with Jeffrey Epstein. It was later reported that Staley and Epstein exchanged 1,200 emails over four years.
Jes Staley told colleagues in 2021 that he expected to leave Barclays by the end of 2021.
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