Legendary jp Morgan investment banker jimmy Lee has died, chief executive officer Jamie Dimon has announced. Lee, often credited with reinventing leveraged lending in the 1980s, was 62. "Jimmy was a great friend, leader and mentor to me and so many others," Dimon said. "He was a master of his craft, but he was so much more - he was an incomparable force of nature." On the 30th anniversary of IFR, Lee was cited among the most influential bankers of the prior three decades for changing the US loan business from a buy-and-hold backwater for bilateral lending into a broadly held, trillion dollar asset class. Lee joined Chemical Bank, a predecessor to the current JP Morgan, some four decades ago in 1975. Chemical merged with Chase Manhattan in 1996 and was acquired by JP Morgan in 2000.
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