Jes Staley

Jes Staley   (financier)
Born	27 December 1956 Boston, Massachusetts, US
Nationality	US
Spouse	Debora Nitzan Staley
Member of	Council on Foreign Relations/Members 3, Institute of International Finance, Jeffrey Epstein/Black book, Lolita Express/Passengers
Suddenly quit as Barclays CEO after a probe relating to his ties with his friend Jeffrey Epstein  Barclays Bank/CEO In office 1 December 2015 - 1 November 2021 Attempted retaliation against an anonymous whistleblower. Abruptly stepped down after UK regulators shared with Barclays the preliminary findings of their multi year probe into what he told the bank’s board about his relationship with Epstein.

James Edward "Jes" Staley is an American banker, and the group chief executive (CEO) of Barclays. He spent 34 years at J.P. Morgan's investment bank, ultimately becoming CEO. In 2013 he moved to BlueMountain Capital, and in December 2015, became CEO of Barclays. He was a friend of Jeffrey Epstein, with whom he had suspicious Email exchanges and in whose black book his name appears. On 1 November 2021, he announced an abrupt departure from Barclays, said it was nothing to do with his Epstein ties, just after UK regulators shared with Barclays the preliminary findings of their probe into what he told the board about his relationship with Epstein.

Career

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 2015, Staley spent £6.4m buying 2.8m shares in Barclays at 233p. Barclays has a policy that directors should own shares worth four times their salaries, which Staley achieved, as his salary amounted to £1.2m. However, his total remuneration package, including his salary, a fixed pay allowance to avoid an EU cap on bonuses, annual bonuses of up to £2.1m and a long-term incentive plan of £3.2m, was worth £10m in 2015. In March 2016, he gave his vision for the future of Barclays' investment bank, although the changes he has brought until then have not been well received by the markets.

Staley is a Bowdoin College trustee, serves on the boards of the Institute of International Finance, United States-China Business Council, and is a member of the advisory board of the American Museum of Natural History.

Retaliation against Anonymous Whistleblower

Staley's attempts in 2016 to discover a whistleblower's identity were investigated for over a year by British regulators, an investigation which was one of the first tests of the UK's "Senior managers regime", intended to make high-level banking officials personally accountable. On April 20, 2018, the Financial Conduct Authority and the Prudential Regulatory Authority announced that Staley could stay on as CEO, though he would have to pay a fine. Staley was fined £642,430 by the FCA and Barclays said it would cut £500,000 of his bonus over the matter.

The whistleblowing involved letters sent to the board in 2016 raising concerns about the recruitment of Tim Main as head of the bank’s financial institutions group in New York.

Staley tried to hunt down the author of the letters using the bank’s internal security unit. He accused the letter-writer of harassment and trying to “maliciously smear” Main, a friend and former colleague when Staley was at JP Morgan.

Epstein

Mossad agent and sex-ring manager Jeffrey Epstein lobbied on behalf of Staley in 2012, when Barclays opted for Antony Jenkins over Staley as CEO. The Mail on Sunday reported the existence of emails showing that Epstein backed Staley in 2012 - for a job he got three years later anyway. The pair know each other from Staley’s days in charge of JP Morgan’s private bank, where the billionaire Epstein was a client. Staley visited Epstein's island, Little St. James, twice, "accompanied by his wife on both visits,”

Staley was present at a meeting at Jeffrey Epstein’s Manhattan mansion in 2011, together with former US Treasury Secretary Lawrence Summers; Bill Gates, Microsoft’s co-founder; and Boris Nikolic, then the Bill and Melinda Gates Foundation’s science adviser.

 

Events Participated in

Event	Start	End	Location(s)	Description
WEF/Annual Meeting/2011	26 January 2011	30 January 2011	World Economic Forum Switzerland	2230 guests in Davos, with the theme: "Shared Norms for the New Reality".
WEF/Annual Meeting/2017	17 January 2017	20 January 2017	World Economic Forum Switzerland	2950 known participants, including prominently Bill Gates. "Offers a platform for the most effective and engaged leaders to achieve common goals for greater societal leadership."
WEF/Annual Meeting/2019	22 January 2019	25 January 2019	World Economic Forum Switzerland
WEF/Annual Meeting/2020	21 January 2020	24 January 2020	World Economic Forum Switzerland	This mega-summit of the world's ruling class and their political and media appendages happens every year, but 2020 was special, as the continuous corporate media coverage of COVID-19 started more or less from one day to the next on 20/21 January 2020, coinciding with the start of the meeting.

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