Wall Street Honors Jimmy Lee
It was a somber occasion on Monday in Wall Street as many gathered to honor the late JPMorgan Chase vice chairman James “Jimmy” Bainbridge Lee, Jr. Business Insider has learned that the highly successful investment banker suffered a fatal heart attack unexpectedly while exercising in his home in Darien, Connecticut. JPMorgan Chase & Co’s Chief Executive Officer Jamie Dimon announced his passing in a statement last Wednesday, Reuters reports. He passed away at age 62.
A funeral mass for Jimmy Lee was held Monday at the St. Patrick’s Cathedral located in Midtown Manhattan. In a copy of the program obtained by the Business Insider, the list of honorary ushers included Michael Bloomberg, Yahoo’s Marissa Mayer, Facebook’s Sheryl Sandberg, CBS’ Les Moonves, 21st Century Fox’s Rupert Murdoch, American talk show host and journalist Charlie Rose, The Carlyle Group’s David Rubenstein, NFL’s Roger Goodell, Blackstone Group’s Steve Schwarzman, DreamWorks’ Jeffrey Katzenberg as well as The Kraft’s Group Jonathan and Robert Kraft.
New York Times reports that Cardinal Timothy M. Dolan presided over the funeral mass where bagpipers from the Fire Department of New York played the song “Amazing Grace” at the beginning of the ceremony. Meanwhile, Jamie Dimon delivered the eulogy.
In a copy of the eulogy obtained by the Financial Times, Jamie Dimon shared how Jimmy will be sorely missed at JPMorgan Chase, where has worked for the past 40 years. In his speech, he said, “As one of the architects of our investment bank, your DNA and culture is imbedded in JPMorgan Chase. When anyone is in a room with our senior bankers, you can’t help but recognize that their longevity, partnership, character, culture and respect for each other are exceptional – and this is a tribute to your legacy.”
Indeed, Jimmy, who Reuters refers to as a legendary rainmaker, has left a long legacy of excellence as he spent his entire career advising major companies when it came to critical negotiations. Reuters further reports that Jimmy played key roles in several high profile mergers including the one between United Airlines and Continental Airlines, which resulted in the formation of the United Continental Holdings Inc.
More recently too, Jimmy was behind Alibaba’s $22 billion initial offering, New York Times reports. Meanwhile, the Financial Times has also learned that Jimmy Lee was actually working with General Electrics on the sale of GE Capital’s businesses at the time of his death.
Jimmy Lee is survived by his wife Beth and his three children Izzy, James and Lexi along with their respective spouses, Justin and Jaime. Jimmy also has two young grandchildren, Bobby and JoJo, the Business Insider reports.