Veteran JPMorgan banker Jimmy Lee dies suddenly

Another added to the bankers list.

 

Jimmy Lee, one of the foremost investment bankers of his generation, has died suddenly, JPMorgan Chase said on Wednesday.

Jamie Dimon, chief executive of JPMorgan, said Mr Lee, 62, “was a master of his craft, but he was so much more — he was an incomparable force of nature”.

He died in hospital on Wednesday morning after being taken ill during exercise, one person familiar with the matter said.

For JPMorgan, Mr Lee was a powerful weapon as the bank sought to attract the business of companies looking to do deals. In recent years, he helped JPMorgan land prominent roles on some of the biggest technology deals, including the initial public offerings of Facebook, Twitter and Alibaba.

Mr Lee joined Chemical Bank in 1975, which merged with Chase Manhattan in 1996. Chase acquired JPMorgan in 2000.* He is known for playing an important role in the development of the private equity industry in the 1980s, particularly the creation of the syndicated loan market, and was close to the industry’s titans such as Blackstone’s Stephen Schwarzman and KKR’s Henry Kravis.

With his pinstripe suits and slicked back hair, Mr Lee was the quintessential Wall Street banker. But the business came before the image: for the Facebook roadshow, he donned a black sweat jacket to fit in with Facebook chief executive Mark Zuckerberg, who is known for wearing hoodies.

“He was the consummate investment banker-dealmaker — and he was working on one of the most important and complex transactions of his life,” said Jes Staley, former head of JPMorgan’s investment bank, now at BlueMountain, the hedge fund.

Full article: Veteran JPMorgan banker Jimmy Lee dies suddenly (Financial Times)

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