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

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.