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	<title>Observer &#187; JPMorgan Dealmaker Jimmy Lee Gets All the Best Lines</title>
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		<title>Observer &#187; JPMorgan Dealmaker Jimmy Lee Gets All the Best Lines</title>
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		<title>JPMorgan Dealmaker Jimmy Lee Gets All the Best Lines</title>

		<comments>http://observer.com/2012/10/jpmorgan-dealmaker-jimmy-lee-gets-all-the-best-lines/#comments</comments>
		<pubDate>Thu, 04 Oct 2012 14:34:38 -0400</pubDate>
					<link>http://observer.com/2012/10/jpmorgan-dealmaker-jimmy-lee-gets-all-the-best-lines/</link>
			<dc:creator>Patrick Clark</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=267781</guid>
		<description><![CDATA[<p><div id="attachment_267828" class="wp-caption alignleft" style="width: 156px"><a href="http://observer.com/2012/10/jpmorgan-dealmaker-jimmy-lee-gets-all-the-best-lines/jimmy-lee/" rel="attachment wp-att-267828"><img class=" wp-image-267828" title="jimmy lee" src="http://nyoobserver.files.wordpress.com/2012/10/jimmy-lee.jpg?w=208" alt="" width="146" height="210" /></a><p class="wp-caption-text">Mr. Lee.</p></div></p>
<p>Two giant JPMorgan profiles landed this week, and it was a familiar character who delivered some of the more memorable lines in each of them. James Bainbridge Lee Jr.—better, Jimmy—is the legendary deal maker this paper <a href="http://observer.com/2001/12/banker-loan-maestro-jimmy-lee-switched-suspenders-for-sweaters/">once described</a> as "the maestro of the syndicated loan market, Wall Street’s most famous corporate bailout artist," now the vice chairman for investment banking at JPMorgan.</p>
<p>That position—and, we suppose, that he was willing to pick up the phone and go on record—made him a natural source for <em>Vanity Fair's </em>profile of Jamie Dimon, in which Mr. Lee offers the first (and last?) word on the JPMorgan chief executive ("[He] has moral courage running through his veins”); and also serves as a catalyst for the tidbit <em>VF</em> used to hype the story—in the middle of the hubbub over the London Whale, Mr. Lee asked New England Patriots quarterback to tell Mr. Dimon "<a href="http://www.vanityfair.com/business/2012/11/jamie-dimon-tom-brady-hang-in-there">to hang in there.</a>"<!--more-->Mr. Lee built his career at Chemical Bank, where he leveraged the bank's lending relationships to win investment banking business, became a key figure in the syndicated loans and eventually, leveraged buyouts. Along the way, he happened to work alongside a particularly competent young trader named Ina Drew—which is how Mr. Lee also wound up providing our favorite anecdote in <a href="http://www.nytimes.com/2012/10/07/magazine/ina-drew-jamie-dimon-jpmorgan-chase.html?pagewanted=all">Susan Dominus' 7,500-word</a> <em>New York Times Magazine </em>write-around on JPMorgan's former chief investment officer (and the woman who presided over the $5.8 billion trading loss that led to Mr. Dimon's phone call with a Super Bowl MVP).</p>
<blockquote><p><em>James Lee, who eventually became one of the biggest dealmakers on Wall Street, started out at Chemical Bank in New York sitting next to Ina Drew. He remembers talking to a client on the phone one day, trying to answer some questions about a deal the bank was proposing. “So I told the client what I thought, and I’m answering and answering, and I say, ‘So what do you think?’ ” Lee says. But there was no response. Lee looked at the phone and then looked around. Drew, a foot away, was in the middle of a different phone conversation, but her eyes were on him, and she was shaking her head back and forth — no, that’s not right — and waving her hand to show she had something in it: the phone jack. “She heard part of what I was saying, which was obviously incorrect,” Lee says. “She literally pulled the plug on me.”</em></p></blockquote>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_267828" class="wp-caption alignleft" style="width: 156px"><a href="http://observer.com/2012/10/jpmorgan-dealmaker-jimmy-lee-gets-all-the-best-lines/jimmy-lee/" rel="attachment wp-att-267828"><img class=" wp-image-267828" title="jimmy lee" src="http://nyoobserver.files.wordpress.com/2012/10/jimmy-lee.jpg?w=208" alt="" width="146" height="210" /></a><p class="wp-caption-text">Mr. Lee.</p></div></p>
<p>Two giant JPMorgan profiles landed this week, and it was a familiar character who delivered some of the more memorable lines in each of them. James Bainbridge Lee Jr.—better, Jimmy—is the legendary deal maker this paper <a href="http://observer.com/2001/12/banker-loan-maestro-jimmy-lee-switched-suspenders-for-sweaters/">once described</a> as "the maestro of the syndicated loan market, Wall Street’s most famous corporate bailout artist," now the vice chairman for investment banking at JPMorgan.</p>
<p>That position—and, we suppose, that he was willing to pick up the phone and go on record—made him a natural source for <em>Vanity Fair's </em>profile of Jamie Dimon, in which Mr. Lee offers the first (and last?) word on the JPMorgan chief executive ("[He] has moral courage running through his veins”); and also serves as a catalyst for the tidbit <em>VF</em> used to hype the story—in the middle of the hubbub over the London Whale, Mr. Lee asked New England Patriots quarterback to tell Mr. Dimon "<a href="http://www.vanityfair.com/business/2012/11/jamie-dimon-tom-brady-hang-in-there">to hang in there.</a>"<!--more-->Mr. Lee built his career at Chemical Bank, where he leveraged the bank's lending relationships to win investment banking business, became a key figure in the syndicated loans and eventually, leveraged buyouts. Along the way, he happened to work alongside a particularly competent young trader named Ina Drew—which is how Mr. Lee also wound up providing our favorite anecdote in <a href="http://www.nytimes.com/2012/10/07/magazine/ina-drew-jamie-dimon-jpmorgan-chase.html?pagewanted=all">Susan Dominus' 7,500-word</a> <em>New York Times Magazine </em>write-around on JPMorgan's former chief investment officer (and the woman who presided over the $5.8 billion trading loss that led to Mr. Dimon's phone call with a Super Bowl MVP).</p>
<blockquote><p><em>James Lee, who eventually became one of the biggest dealmakers on Wall Street, started out at Chemical Bank in New York sitting next to Ina Drew. He remembers talking to a client on the phone one day, trying to answer some questions about a deal the bank was proposing. “So I told the client what I thought, and I’m answering and answering, and I say, ‘So what do you think?’ ” Lee says. But there was no response. Lee looked at the phone and then looked around. Drew, a foot away, was in the middle of a different phone conversation, but her eyes were on him, and she was shaking her head back and forth — no, that’s not right — and waving her hand to show she had something in it: the phone jack. “She heard part of what I was saying, which was obviously incorrect,” Lee says. “She literally pulled the plug on me.”</em></p></blockquote>
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