Ex-JPMorgan Investment Exec Heads To BlueMountain

Law360, New York (January 8, 2013, 12:57 PM EST) -- The former head of JPMorgan Chase & Co.'s investment banking division is decamping to a managing partner post at New York-based private investment outfit BlueMountain Capital LLC, the hedge fund sponsor said Tuesday.

James E. Staley will be BlueMountain's ninth managing partner. In his new position, he will focus on building relationships and devising new investment strategies for the firm's investments, which have historically focused on the global credit card markets. He will serve on its management, risk and investment committees.

Staley will also purchase a...
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