William M. Daley Named Chairman of the Midwest of JPMorgan Chase
May 17 2004 - 10:01AM
PR Newswire (US)
William M. Daley Named Chairman of the Midwest of JPMorgan Chase
CHICAGO, May 17 /PRNewswire/ -- William B. Harrison, Chairman and
Chief Executive Officer of J.P. Morgan Chase & Co. , and James
Dimon, Chairman and Chief Executive Officer of Bank One Corporation
, today announced that William M. Daley will become Chairman of the
Midwest of JPMorgan Chase. He will report to Mr. Harrison and will
serve on the combined firm's Executive Committee upon successful
completion of the companies' merger. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030116/NYTH053LOGO ) Mr.
Daley will represent the firm at the most senior levels to clients
and be the senior executive for the Midwest region across
businesses. He will also sit on the firm's International Advisory
Council. Mr. Daley has been President of SBC Communications Inc.
since 2001 and served as U.S. Secretary of Commerce under President
Clinton from 1997 to 2000, overseeing a department of more than
40,000 people. "I am honored to welcome Bill Daley to our
management team," said Mr. Harrison. "The Midwest is a very
important market for JPMorgan Chase, and Bill will be an important
leader with our clients and communities." "We're fortunate to have
Bill Daley joining us," said David A. Coulter, Vice Chairman of
JPMorgan Chase with executive oversight over the investment bank,
private equity and asset and wealth management businesses. "His
skills, experience and relationships will be a great asset for us."
"There is no better person for this job than Bill Daley," said Mr.
Dimon. "He brings experience beyond comparison. I look forward to
working with him when our merger is completed to grow our business
and strengthen our presence in the Midwest." As Special Counsel to
President Clinton in 1993, Mr. Daley coordinated the successful
campaign to pass the North American Free Trade Agreement (NAFTA).
In 2000, he coordinated the effort for permanent Normal Trade
Relations with China and he served as chairman of Vice President Al
Gore's presidential campaign. "I'm excited to join one of the
leading financial services firms in the world and to return to the
home that I love, Chicago," said Mr. Daley. "I've known both Bill
and Jamie a long time. I welcome working with the JPMorgan Chase
team to make the firm the first call for clients in the Midwest."
Prior to his distinguished career in public service, he was a
partner at the law firm of Mayer, Brown & Platt; President and
Chief Operating Officer of Amalgamated Bank of Chicago; and a
lawyer at the firm of Daley and George. Mr. Daley serves on the
Boards of Directors of Merck & Co., Inc, Boston Properties,
Inc., and Loyola University. He also sits on the Council on Foreign
Relations. He earned an LL.B. from John Marshall Law School and a
B.A. from Loyola University in Chicago. Bank One Corporation (
http://www.bankone.com/ ) is the nation's sixth-largest bank
holding company, with assets of $320 billion. Bank One currently
has more than 51 million credit cards issued, nearly 7 million
retail households, and approximately 20,000 middle market
customers. It also manages $188 billion of clients' investment
assets. J.P. Morgan Chase & Co. ( http://www.jpmorganchase.com/
) is a leading global financial services firm with assets of $801
billion and operations in more than 50 countries. The firm is a
leader in investment banking, financial services for consumers and
businesses, financial transaction processing, investment
management, private banking and private equity. A component of the
Dow Jones Industrial Average, JPMorgan Chase is headquartered in
New York and serves more than 30 million consumers nationwide, and
many of the world's most prominent corporate, institutional and
government clients.
http://www.newscom.com/cgi-bin/prnh/20030116/NYTH053LOGO
http://photoarchive.ap.org/ DATASOURCE: Bank One; JPMorgan Chase
CONTACT: Thomas A. Kelly of Bank One, +1-312-732-7007, or Kristin
C. Lemkau of JPMorgan Chase, +1-212-270-7007 Web site:
http://www.bankone.com/ http://www.jpmorganchase.com/
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