Code Advisors Announces a $25 Million Investment from JPMorgan Chase
SAN FRANCISCO -- May 03, 2012
Code Advisors announced today that JPMorgan Chase (NYSE:JPM) has agreed to
make a $25 million minority investment. Jes Staley, CEO of J.P. Morgan's
Investment Bank and a member of the firm’s Operating Committee, will also act
as a non-voting observer at Code's Advisory and Investor Board meetings.
"We are thrilled that JPMorgan Chase has decided to invest in Code Advisors,”
said co-founder Quincy Smith. “This transaction demonstrates how together we
might energetically adjust to serve the new needs of entrepreneurs and
companies.The chance to work more closely with Jes and his team gives us
awesome global and experienced perspectives."
J.P. Morgan's investment and relationship will allow Code to accelerate its
growth opportunities and allow each team to offer complementary services to
their respective and shared clients.
“Identifying and supporting great ideas early in their development is
particularly important in the technology space,” said Staley. “Code continues
to uniquely identify next generation companies, and together we are excited to
help those entrepreneurs grow and expand their businesses.”
About Code Advisors
Code Advisors is a next generation investment bank that provides advisory and
financing services on mergers and acquisitions, private equity raises, equity
underwritings and investments in companies focused in emerging technology and
media. Co-founded by Michael Marquez, Fred Davis and Quincy Smith, Code
Advisors is registered as a broker-dealer with the SEC and is a member of
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm
with assets of $2.3 trillion and operations in more than 60 countries. The
firm is a leader in investment banking, financial services for consumers,
small business and commercial banking, financial transaction processing, asset
management and private equity. A component of the Dow Jones Industrial
Average, JPMorgan Chase & Co. serves millions of consumers in the United
States and many of the world’s most prominent corporate, institutional and
government clients under its J.P. Morgan and Chase brands. Information about
JPMorgan Chase & Co. is available at www.jpmorganchase.com.
The OutCast Agency for Code Advisors
Chris Kraeuter, 415-345-4754
JPMorgan Chase & Co.:
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