(The following is a reformatted version of an internal memo
issued by JPMorgan. The document was confirmed.) 
To:       All Senior Managers
From:     Jamie Dimon
Subject:  Jes Staley 
This morning it was announced that our colleague, Jes Staley,
will be leaving JPMorgan Chase to join BlueMountain Capital
Management as a Managing Partner and Member of its Management
Committee.  Attached is BlueMountain’s press release. 
Jes has been an extraordinary leader and a valued partner for
many of us at JPMorgan over the years.   He joined our company
more than 34 years ago, and during this time he served in many
critical management roles, including head of our Investment
Bank, Asset Management group, Private Bank, and as one of the
founders of our equities business.  He has served our firm with
distinction as a member of our firmwide Operating Committee, and
he has been a trusted mentor to many people at our company. 
While Jes is leaving JPMorgan Chase, he is joining a respected
private investment firm, BlueMountain Capital.  BlueMountain is
an important client of ours, and we look forward to working with
Jes in the future.  Please join me in thanking Jes for his
decades of dedicated service to JPMorgan, and in wishing
him and his family all the best in the future. 
(bjh) NY 
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