Nelson Dean Jay

Nelson Dean Jay  (financier)
Born	7 March 1883 Elmwood, Illinois, United States
Died	June 6, 1972 (Age 89)
Nationality	USA
Alma mater	Knox College
David Rockefeller said: “Dean Jay is important, if for no other reason, because he was one of the ten Americans to be invited to the first Bilderberg Conference.”

Nelson Dean Jay was an American banker who worked for JP Morgan, managing its Paris affiliate from 1920 to 1941 and again after World War II, "controlling the levers of credit"

He was one of the first American international businessmen who worked quietly with leaders like Jean Monnet, John Foster Dulles, Allen Dulles and others "to stabilize" Europe after World War 2.

Career

Coming from humble circumstances, Jay married Anne Augustine and thus gained a foothold into the establishment.

Nelson Dean Jay worked for the Milwaukee Trust Company from 1907-1910 as a manager in the bond department. In 1910, he was vice president of First National Bank, Milwaukee. From 1911-1915 he was a manager in the bond department for the Guaranty Trust Company.

Jay entered the Army in World War I and was picked by General Charles G. Dawes, the Chicago.banker, as his assistant as general purchasing agent of the American Expeditionary Force. JP Morgan & Co. had a big hand in coordinating the purchase of war supplies for the Allies. Jay worked on General Pershing’s staff in World War 1.

He stayed on for JP Morgan & Co. after the war, expanding its business from a convenience for expatriate American depositors into a major corporate investment house. In his mid-thirties, he thus was head the Paris branch of the most important bank in the world in his day. He was a partner in Morgan & Cie, Paris, France, 1920-1945 and again after the war, until 1955.

He was one of two American trustees of the Dawes loan of 1924 to Germany,which was renegotiated after the Hitler regime came into power.

The couple entertained most of the prominent Americans, like Charles Lindbergh, IBM chairman Thomas Watson and Allen Dulles of the law firm Sullivan and Cromwell, who came to Paris between the wars, in their luxurious apartment on 58 Avenue Foch.

When German armies invaded France in May, 1940 Jay, then chairman of the governors of the American Hospital of Paris, was named American Red Cross delegate in France, where he aided refugees. He returned to the United States in September, 1941, a few months before the German declaration of war in December.

According to a 1998 asset lawsuit, the "manager of J.P. Morgan's Paris office worked closely with the Vichy-French government of the Germans. The suit says the manager openly bragged of 'the anti-Jewish record and policies of J.P. Morgan'."

In 1945 he was elected a director of. J. P. Morgan & Co., Inc., and after its merger with Guaranty Trust Co., he was elected to the Directors’ Advisory Council.

He was one of the first ten Americans to be invited to the first Bilderberg Conference, and was a friend of fellow banker David Rockefeller.

 

Events Participated in

Event	Start	End	Location(s)	Description
Bilderberg/1954	29 May 1954	31 May 1954	Netherlands Hotel Bilderberg Oosterbeek	The first Bilderberg meeting, attended by 68 men from Europe and the US, including 20 businessmen, 25 politicians, 5 financiers & 4 academics.
Bilderberg/1956	11 May 1956	13 May 1956	Denmark Fredensborg	The 4th Bilderberg meeting, with 147 guests, in contrast to the generally smaller meetings of the 1950s. Has two Bilderberg meetings in the years before and after

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