Rick Lazio, head of government relations at JPMorgan Chase since 2004 and one-time candidate for New York Senator, is taking on a new role. He is now a managing director in the company’s asset management operations.

Lazio, 50, will focus on client development in the global real estate and infrastructure group, strengthening relationships with governmental and public officials.

"Rick's background and relationships, which span both business and government, will provide us with unique insight and access to key clients and help us maintain the business growth we have enjoyed these past few years," said Jes Staley, the head of the asset management business.

A former Republican Congressman representing Long Island, Lazio gave up his political career after losing the 2000 Senate race in New York to Hillary Clinton.

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