Professional Career
He became associated with Amalgamated Bank of Chicago, where he was first vice chairman (1989–1990) and then president and chief operating officer (1990–1993). Daley returned to the practice of law, as a partner with the firm Mayer Brown (then Mayer, Brown & Platt) from 1993 to 1997.
Daley was appointed to the board of Fannie Mae in 1993 by President Bill Clinton, serving until 1997.
In December 2001, following his service as U.S. Secretary of Commerce under President Clinton, he was appointed President of SBC Communications to help reform the company's image. In May 2004, Daley was made the Midwest Chairman of JPMorgan Chase, following its acquisition of Bank One Corporation, to oversee its operations from Chicago. Daley formerly served on the Board of Directors of Boeing, Merck & Co., Boston Properties, and Loyola University Chicago. He is currently a trustee of Northwestern University and is a member of the Council on Foreign Relations.
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