Sunday, 29 March 2015
Last updated 1 day ago
Jan 10 2011 | 4:29am ET
William Daley, President Obama’s pick to become his chief of staff, has deep ties to Wall Street and the political world. He’s also a veteran of the alternative investments world.
Daley is currently chairman of JPMorgan Chase’s Midwestern operations and head of corporate and social responsibility. But before joining the bank in 2004—and before a three-year stint at telecommunications company SBC—he spent about nine months at alternatives firm Evercore Partners.
Evercore was launched by Roger Altman, a deputy Treasury secretary under President Bill Clinton. Daley served as Clinton’s commerce secretary in his second term, after helping negotiate the North American Free Trade Agreement.
Daley was born into politics: His father was the legendary Richard Daley, mayor of Chicago for more than two decades; his brother, also named Richard, has led the Windy City since 1989, but is not seeking a seventh term. Daley’s predecessor as White House chief of staff, Rahm Emmanuel, is hoping to succeed his successor’s brother as mayor of Chicago.
“Few Americans can boast the breadth of experience that Bill brings to the job,” Obama said. “He’s led major corporations, he possesses a deep understanding of how jobs are created and how to grow our economy.”
“While we will miss him greatly, Bill’s return to public service is great news for our country,” JPMorgan CEO Jamie Dimon said.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…