Stephen Cutler, general counsel of New York-based J.P. Morgan, announced Baer’s appointment to the newly created position in an internal company memo on September 8.
Click Here to Read BCG Attorney Search’s Guide to Corporate and Finance Job Search Categories for More Information.
Baer, 48, will tackle new finance-industry laws and manage corporate legal matters
, ranging from mergers and acquisitions to securities filings.
Baer managed similar responsibilities at Bank of America, where he was deputy general counsel
overseeing the regulatory group.
Baer joined Bank of America in 2006. He is a former partner at the Washington based law firm Wilmer Cutler Pickering Hale & Dorr. He also worked in the Clinton administration at the Treasury Department and as a managing senior counsel at the Federal Reserve Board. He graduated in 1987 from Harvard Law School, where he was managing editor of the Harvard Law Review.
Some report that Baer’s departure will hinder Bank of America's efforts to improve its standing in Washington, D.C. Mr. Baer was a central figure in the bank's dealings with regulators and elected officials during the financial crisis, assisting with its repayment of $45 billion in U.S. aid. Mr. Baer also played a key role in trying to influence the Dodd-Frank Wall Street Reform and Consumer Protection Act
passed earlier this summer.
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