James B. Lee Jr. | |
---|---|
Born |
James Bainbridge Lee Jr. October 30, 1952 Manhattan, New York |
Died | June 17, 2015 Darien, Connecticut |
(aged 62)
Residence | Darien, Connecticut |
Other names | "Jimmy" |
Alma mater |
Williams College Canterbury School |
Occupation | Investment banking |
Years active | 1975 - 2015 |
Employer |
JPMorgan Chase Chase Manhattan Bank (prior) Chemical Bank (prior) |
James Bainbridge "Jimmy" Lee Jr. (October 30, 1952 – June 17, 2015) was an American investment banker, notable for his role in the development of the leveraged finance markets in the U.S. in the 1980s. He is widely credited as the architect of the modern-day syndicated loan market. At the time of his death, Lee was vice chairman of JPMorgan Chase & Co. and a member of the bank’s executive committee. He was also Co-Chairman of JPMorgan's investment bank.
James Bainbridge Lee Jr. was born on October 30, 1952 in Manhattan, New York City. He was educated at the Canterbury School. He graduated from Williams College in 1975, where he received a bachelor of arts degree in Economics and Art History.
Lee joined Chemical Bank in 1975 and worked in a variety of lending businesses until 1980, when he founded and ran Chemical’s merchant bank in Australia. In 1982, he returned to the US and started the bank’s syndicated leverage finance group, which constituted the origins of the investment banking business at Chemical and later Chase Manhattan Bank. Lee ran the investment bank until the merger with J.P. Morgan & Co. in 2001.
Following Chemical’s merger with Manufacturers Hanover in 1994, Lee founded the bank’s high yield (or junk bond) business, which was the bank's first public securities operation. At the same time, he built the bank’s financial sponsor coverage business focused on private equity firms as well as the bank's mergers and acquisitions business.