NYPD chief Ray Kelly in talks to join JPMorgan Chase

The controversial NYC police chief is rumored to be in talks to join the bank as head of security

Topics: Ray Kelly, NYPD, JPMorgan Chase, Wall Street, Police, Bill de Blasio, stop-and-frisk,

NYPD chief Ray Kelly in talks to join JPMorgan ChaseRay Kelly (Credit: AP/Matt Rourke)

According to a report in the New York Post, Ray Kelly, the chief of the NYPD, is in “advanced talks” to join JPMorgan Chase Inc. as its head of security.

Kelly is widely expected to be replaced once Bill de Blasio assumes the mayoralty in January.

The two-time NYPD head is rumored to be looking at “a seven-figure package of salary and bonuses” for a gig that would focus primarily on “cyber-security” for the banking giant.

More from the New York Post:



The firm’s senior security officer, Thomas Higgins, left about a month ago and has not been replaced.

Kelly has a great rapport with JPMorgan’s senior leaders, in particular Chief Executive Jamie Dimon.

Kelly, who was also commissioner during 1992-1994, has experience in the banking world since he was the managing director for corporate secueity [sic] at Bear Stearns during 2000-2001.

JPMorgan officials refused comment on Kelly. The talk were said to be at a sensitive stage and could still fall apart.

Hiring the City’s Police Commissioner also comes at a time when the sprawling bank is being besieged on a number of fronts. It’s facing the prospect of paying a whopping $13 billion settlement led by the Department of Justice and battling a raft of other legal troubles.

The NYPD did not immediately return an email request for comment.

Elias Isquith

Elias Isquith is an assistant editor at Salon, focusing on politics. Follow him on Twitter at @eliasisquith, and email him at eisquith@salon.com.

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