Code Advisors announced today that JPMorgan Chase (NYSE:JPM) has agreed to make a $25 million minority investment. Jes Staley, CEO of J.P. Morgan's Investment Bank and a member of the firm’s Operating Committee, will also 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."
J.P. Morgan's investment and relationship will allow Code to accelerate its growth opportunities and allow each team to offer complementary services to their respective and shared clients.
“Identifying and supporting great ideas early in their development is particularly important in the technology space,” said Staley. “Code continues to uniquely identify next generation companies, and together we are excited to help those entrepreneurs grow and expand their businesses.”About Code Advisors Code Advisors is a next generation investment bank that provides advisory and financing services on mergers and acquisitions, private equity raises, equity underwritings and investments in companies focused in emerging technology and media. Co-founded by Michael Marquez, Fred Davis and Quincy Smith, Code Advisors is registered as a broker-dealer with the SEC and is a member of FINRA ( www.finra.org). About JPMorgan Chase & Co. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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