General Counsel Consulting Career Feature
Greg Baer, J.P. Morgan Chase & Co. By Rebecca Neely J.P. Morgan Chase & Co., the second- largest U.S. bank by assets, recently hired Bank of America Corp.’s Deputy General Counsel Greg Baer to oversee global regulation and corporate legal matters. He will divide his time between New York and Washington, D.C.
Stephen Cutler, general counsel of New York-based J.P. Morgan, announced Baer’s appointment to the newly created position in an internal company memo on September 8. Baer, 48, will tackle new finance-industry laws and manage corporate legal matters, ranging from mergers and acquisitions to securities filings. Baer managed similar responsibilities at Bank of America, where he was 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.
Some report that Baer’s departure will hinder Bank of America’s efforts to improve its standing in Washington, D.C. Mr. Baer was a central figure in the bank’s dealings with regulators and elected officials during the financial crisis, assisting with its repayment of $45 billion in U.S. aid. Mr. Baer also played a key role in trying to influence the DoddFrank Wall Street Reform and Consumer Protection Act passed earlier this summer. 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.’’ The Chicago-based grassroots organization National People’s Action, in coordination with the SEIU, bused more than 700 workers from 20 states to Baer’s neighborhood, one of the wealthiest corners of Washington. The action kicked off several days of protests targeting K Street for lobbyists’ role in financial reform.
Published on Jan 1, 2013
J.P. Morgan Chase & Co., recently hired Bank of America Corp.'s Deputy General Counsel Greg Baer to oversee global regulation and corporate...