JPMorgan’s Black Mulls Alts. Move

Nov 4 2010 | 8:38am ET

JPMorgan Chase vice chairman Steve Black is calling it quits at the Wall Street giant, and may be looking to the alternative investments world for his next challenge.

Black, who was named vice chair in January after five years leading JPMorgan’s investment bank, told The Wall Street Journal that he would consider jobs in the hedge fund and private equity industries, although he does not have any definite plans. Black said he decided to leave JPMorgan because he wants to have a hand in the day-to-day running of a business.

“I’ve had a great run, but it’s time to move on,” Black told the Journal. “I want another chapter.”

Black will leave JPMorgan early next year.

“I have known Steve for 30 years, and he is one of the finest and most capable executives I have ever met,” JPMorgan CEO Jamie Dimon wrote in a memo to staff.

“We are very grateful to Steve for all that he has done for this company,” Dimon added. “He has helped build the world-class investment bank we have today.”

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…