May 4, 2012 – JPMorgan Chase has agreed to make a $25 million minority investment in Code Advisors, an investment bank based in San Francisco. Jes Staley, CEO of J.P. Morgan’s Investment Bank and a member of the firm’s Operating Committee, will act as a non-voting observer at Code’s Advisory and Investor Board meetings.
“We are thrilled that JPMorgan Chase has decided to invest in Code Advisors,” said co-founder Quincy Smith. “This transaction demonstrates how together we might energetically adjust to serve the new needs of entrepreneurs and companies. The chance to work more closely with Jes and his team gives us awesome global and experienced perspectives.”
Code Advisors provides advisory and financing services on mergers and acquisitions, private equity raises, equity underwritings and investments in companies focused in emerging technology and media. The firm was co-founded by Michael Marquez, Fred Davis and Quincy Smith. Code Advisors is based in San Francisco, CA (www.codeadvisors.com).
“Identifying and supporting great ideas early in their development is particularly important in the technology space,” said Mr. Staley. “Code continues to uniquely identify next generation companies, and together we are excited to help those entrepreneurs grow and expand their businesses.”
