Former Congressman Moves to Real Estate

NEW YORK CITY-Former Republican congressman Rick Lazio has been named a managing director in the real estate and infrastructure group within JP Morgan Chase & Co.’s asset managing division. Lazio joined the bank as EVP of global government relations and public policy in Oct. 2004 after serving as president and CEO of the Financial Services Forum, an organization that promotes the development of an open and competitive financial services marketplace and the stability of the US and global financial systems. Lazio said, at the time, that joining JPMorgan Chase was an ideal fit.

GlobeSt.com obtained an internal announcement from asset management CEO Jes Staley, which said that Lazio will focus on client development and marketing to the firm’s investors; strengthening the firm’s relationships with governmental and other public officials; advising the firm on public policy issues; and representing asset management at industry events. “Rick’s background and relationships, which span both business and government, will provide us with unique insight and access to key clients and help us maintain the business growth we have enjoyed these past few years,” Staley says in memo, which was sent to all asset management employees and to all JP Morgan Chase managing directors and SVPs, globally.