Jimmy Lee, Key Banker for Media Deals, Dies Suddenly at 62

JPMorgan Chase vice chairman James “Jimmy” Lee, who was a key player in some of the biggest show business deals and one of the company’s most senior investment bankers, died unexpectedly on Wednesday morning at 62.

Lee was the lead banker for NBCUniversal when GE sold it to Comcast; he advised News Corp. during the conglom’s purchase of Dow Jones; and assisted in managing IPOs for Facebook and Twitter. He also advised Comcast on its aborted effort to buy Time Warner Cable this year.

Last year, Lee led the team at JPMorgan that underwrote China-based Alibaba’s $25 billion public offering, in what was the largest IPO ever.

In a statement JPMorgan Chase CEO Jamie Dimon called Lee “a master of his craft, but he was so much more — he was an incomparable force of nature,” and “He will be sorely missed.” The statement provided no details on Lee’s death beyond calling it unexpected.

Lee worked in the industry for almost 40 years, starting out at Chemical Bank, where he launched its syndicated leverage finance group in 1982. In 1994 he took the company into high-yield lending. Manufacturers Hanovers bought Chemical, but he continued to lead the bank until its 2001 merger with JPMorgan.

TheStreet.com described Lee in a 2009 as “JPMorgan’s trillion dollar man.

More Biz

  • Songwriters Hall of Fame Induction Ceremony

    Songwriters Hall of Fame Induction Ceremony Moved to 2021

    The Songwriters Hall of Fame has rescheduled their 51st Annual Induction & Awards Gala originally set for June 11, 2020 to June 10, 2021, at the Marriott Marquis New York, the organization announced today. In making the announcement, SHOF President & CEO, Linda Moran, stated, “In facing the reality of the future being unknown and the extraordinary number [...]

  • Disney Plus

    New Date Set for Disney Plus Hotstar Launch in India

    The slightly delayed India launch of streaming platform Disney Plus Hotstar is now set for Friday. The service will be available in two price tiers. Disney Plus VIP subscribers get access to the entire Marvel Cinematic Universe, Bollywood films, Hotstar originals, unlimited live sports and Star TV serials for INR 399 ($5.30) a year. For [...]

  • San-Sebastian

    San Sebastian, Zurich to Take Up SXSW, Tribeca Titles at Newly Created Film Markets

    The San Sebastian and Zurich film festivals have teamed to launch new film markets that will cater to the gaps created by the cancellation of SXSW and the postponement of Tribeca due to the coronavirus pandemic. The programming of both fall festivals will feature titles originally scheduled for spring fests SXSW and Tribeca. The markets [...]

  • Sundance Film Festival Placeholder

    Sheffield Doc/Fest Rejigs With Fall Programming, Virtual Forums in Lieu of Festival

    The Sheffield Doc/Fest pitching forums, MeetMarket and Alternate Realities Talent Market are to take place virtually in June, due to the coronavirus pandemic. The rest of the June festival is being replaced by a series of programs that will take place on weekends through the fall. The planned programming will include film screenings, talks, panels, [...]

  • China money and stock markets

    Chinese Economy Makes Surprise Rebound in March

    Economic data published Tuesday showed that China’s manufacturing and services sectors both expanded in March, following the February lockdown caused by the coronavirus outbreak. But the World Bank warned of further weakness. China’s official Purchasing Managers’ Index, published by the National Bureau of Statistics, showed a figure of 52.3 for March, a measure where 50 [...]

  • Emilia Clarke AoA

    'Game of Thrones' Star Emilia Clarke Offers Dinner to Raise Money for Coronavirus Relief

    Twelve lucky people will get to eat dinner with the Mother of Dragons. “Game of Thrones” star Emilia Clarke is asking people around the world to donate money to SameYou, her charity that assists people recovering from brain injuries and strokes. The organization’s new initiative aims to make beds for coronavirus patients and help people [...]

More From Our Brands

Access exclusive content