James B Lee, Jr.
Vice Chairman, JPMorgan Chase
James B. Lee, Jr. is Vice Chairman of JPMorgan Chase & Co. and Co-Chairman of J.P. Morgan – its Investment Bank. Lee ran Chemical’s and then Chase’s Investment Bank for many years and founded many of its major businesses. Lee has financed and advised on many of the most historic transactions in the United States over his 37 year career with JPMorgan Chase. Most recently, he led the J.P. Morgan teams that executed the $23 billion General Motors IPO, the largest IPO in the history of the United States, the $41 billion common stock sale of the US Treasury’s ownership of AIG, resulting from the US Government’s bailout of the company; and led the negotiations with the U.S. Treasury for the financial restructuring of Chrysler. Lee also advised the Dell Board of Directors Special Committee on the buyout of Dell by Michael Dell and Silver Lake, GE on its $30 billion sale of NBC to Comcast, United Airlines in its merger with Continental Airlines, News Corporation on its purchase of Dow Jones, led the IPO of The Carlyle Group, and co-led the IPO of Facebook.
Lee joined Chemical Bank in 1975 and held various assignments in specialist lending areas until 1980, when he founded and ran Chemical’s merchant bank in Australia.
Lee is widely credited as the architect of the modern day syndicated loan market. In 1982, he founded the bank’s loan syndications unit in New York, which was the beginning of Chemical’s and then Chase Manhattan’s investment banking business. Following Chemical’s merger with Manufacturers Hanover Trust Company, Lee founded the Bank’s first public securities business since Glass-Steagall, which was their high yield bond business. He simultaneously formed the bank’s first organized coverage of private equity firms as a stand alone industry group and subsequently started the bank’s first M&A practice in 1994. By organizing high yield with loan syndications and private equity coverage, and the newly formed M&A group, this led to a variety of market innovations which Chase pioneered. Lee also led the team that resulted in Chase acquiring Hambrecht & Quist and he has remained very active in the technology industry.
Lee himself has received many industry and national awards, including the Horatio Alger Award given by a Justice of Supreme Court. He also sits on several Boards and is active in certain charities. He is also a Member of the Board of Trustees of Williams College.
Lee received a B.A. from Williams College, where he double majored in Economics and Art History. He and his wife, Elizabeth, reside in Darien, Connecticut and have three children, Alexandra, James and Elizabeth.