JPMorgan Chase & Co. (NYSE: JPM) Hires Bank of America Corp (NYSE: BAC) Attorney

JPMorgan Chase & Co. (NYSE: JPM) has hired away Bank of America Corp (NYSE: BAC) Deputy General Counsel Gregory Baer to manage JPMorgan’s global regulation and corporate legal matters. The announcement was made by JPMorgan General Counsel Stephen Cutler in an internal company memo yesterday, which was obtained by Bloomberg Businessweek.

Baer, age 48, will be responsible for wrangling with new laws in the finance industry and manage corporate legal matters ranging from U.S. Securities and Exchange Commission filings to M&A activity.

Cutler said in the memo that Baer “brings with him a wealth of experience from the private and public sectors.” Baer held similar duties at Bank of America, the biggest U.S. bank by assets, where he was also deputy general counsel overseeing the regulatory group.

Baer joined Bank of America Corp (NYSE: BAC) in 2006. He was formerly a partner at a Washington-based law firm, Wilmer Cutler Pickering Hale & Dorr. He had also worked for the Clinton administration and for the Federal Reserve Board. Baer is a Harvard graduate and was managing editor of the Harvard Law Review.

Baer was targeted by protestors earlier in the year when activists organized by labor unions and community groups surrounded his home, chanting  “Bank of America, bad for America.”

JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. JPMorgan Chase’s principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national banking association with United States branches in 23 states, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national banking association that is the Firm’s credit card-issuing bank. JPMorgan Chase’s principal nonbank subsidiary is J.P. Morgan Securities Inc. (JPMorgan Securities), its United States investment banking firm. Its activities are organized into six business segments: Investment Bank, Retail Financial Services (RFS), Card Services (CS), Commercial Banking (CB), Treasury & Securities Services (TSS) and Asset Management (AM). Its wholesale businesses comprise the Investment Bank, Commercial Banking, Treasury & Securities Services and Asset Management segments. Its consumer businesses comprise the Retail Financial Services and Card Services segments.

Shares of JPMorgan Chase & Co. (NYSE: JPM) traded up 2.58% during mid-day trading on Thursday.