JPMorgan Chase & Co., the second-largest U.S. bank by assets, lured away Bank of America Corp. Deputy General Counsel Gregory Baer to oversee global regulation and corporate legal matters.
Stephen Cutler, general counsel of New York-based JPMorgan, announced Baer’s appointment to the newly created position in an internal company memo yesterday. Baer, 48, will contend with new finance-industry laws and manage corporate legal matters ranging from mergers and acquisitions to securities filings.
Cutler said Baer “brings with him a wealth of experience from the private and public sectors.” Baer held similar duties at Bank of America, the biggest U.S. bank by assets, where he was also deputy general counsel overseeing the regulatory group.
Baer joined Bank of America in 2006. He is a former partner at the Washington-based law firm Wilmer Cutler Pickering Hale & Dorr. He also worked in the Clinton administration at the Treasury Department and as a managing senior counsel at the Federal Reserve Board. He graduated in 1987 from Harvard Law School, where he was managing editor of the Harvard Law Review.
Baer became a target for anti-Wall Street activists earlier this year when hundreds of protesters organized by labor unions and community groups swarmed his home in the Washington, D.C., suburbs, chanting: “Bank of America, bad for America.”
Bank of America General Counsel Ed O’Keefe notified employees of Baer’s departure in a conference call and e-mail, according to a person familiar with the announcements.
Joe Evangelisti, a spokesman for JPMorgan, confirmed the contents of the memo. Larry Dirita, a spokesman for Charlotte, North Carolina-based Bank of America, declined to comment.