Jes Staley : Family, Net Worth, Parents, Wife, Children, Education and Salary
Jes Staley is an American banker, and the group chief executive of Barclays know all abouut him in this article as like his Family, Net Worth, Parents, Wife, Children, Education and Salary
|Birthdate ( Age)||27 December 1956|
|Place of Birth||Boston, Massachusetts, United States|
|Children||Sophia Staley, Alexa Staley|
|Parents||Paul R. Staley|
|Profession||Chief Executive Officer of Barclays|
|Net Worth||$4 Million|
|Last Update||Nonember 2021|
James Edward "Jes" Staley is an American banker, and the group chief executive (CEO) of Barclays. He will step down as CEO in November 2021, after resigning due to his links with sex offender and financier Jeffrey Epstein.
Staley has nearly four decades of experience in banking and financial services. 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.
Early Life and Family
Staley was born on December 27, 1956 in Boston, Massachusetts.His father, Paul R. Staley, was president and CEO of PQ Corporation, a chemicals company,who eventually settled the family outside of Philadelphia, Pennsylvania. His grandfather, Edward Staley, was the top executive of W.T. Grant at the time when the company filed for bankruptcy in 1976.His brother, Peter Staley, is an AIDS activist.Jes Staley graduated cum laude from Bowdoin College with a degree in economics.
Jes Staley Wife, Is Jes Staley Married
Jes Staley married with wife Nitzan Staley.Staley has also reportedly been a big advocate. The Couple have to daughter and maintains residences on Park Avenue, New York City, and Southampton, New York.
Jes Staley Net Worth
Jes Staley is an American banker, and the group chief executive (CEO) of Barclays has an estmated Net Worth around $4 Million in 2021.
Jes Staley Salary
The businessman received a salary of £4 million for 2020, including an annual bonus of £843,000 despite that the bank’s pre-profits went down to £3.1bn for 2020 from £4.4bn in 2019.
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.
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 February 2020, the FCA announced an investigation into whether Staley was "fit and proper" to lead Barclays, due to concerns over his previous disclosures of his relationship with Jeffrey Epstein.Staley told Bloomberg TV that "The investigation is actually focused on transparency, and whether I was transparent and open with the bank and with the board with respect to my relationship with Jeffrey Epstein."Staley told colleagues that he expects to leave Barclays by the end of 2021.On November 1, 2021, Staley announced his departure from Barclays, as a result of his associations with Epstein.