Timothy Russell Hailes (born 7 October 1967, Dorchester) is a Managing Director & Associate General Counsel in the Investment Banking Division of JPMorgan Chase & Co. He was appointed a Justice of the Peace for the Central London Justice Area in March 2013 and elected Alderman for the Ward of Bassishaw in The City of London in May 2013.
Alderman Hailes was born in Dorchester, the son of David Hailes by his wife Blenda. He attended The Hampton School and Bristol Grammar School, before going to King's College London where he graduated with a B.A. (Hons) degree in History. Alderman Hailes is a Jelf medalist (1990) and served as a member of College Council and a sabbatical officer in KCLSU from 1988-89. Whilst at college he also served in a political capacity to two members of Margaret Thatcher's cabinet (Rt. Hon William Waldegrave, M.P. and Rt. Hon. Peter Walker, M.P) and was the National Student Chairman of a conservative student pressure group.
Alderman Hailes spent six years in private practice, qualifying as a Solicitor in 1995 with a leading City law firm and subsequently practicing with a leading Wall Street law firm in their London office during which he was seconded to the trading floors of clients Natwest Financial Products plc and Union Bank of Switzerland.
In 1999 Alderman Hailes joined JPMorgan and is currently co-head of the Global Equities & Global Regulatory Reform Practice Groups of the Corporate and Investment Bank Legal Department and the senior lawyer in the EMEA region for regulatory modernisation.
Hailes has served on a number of derivatives industry committees (including co-chairing the ISDA fund derivatives committee) and is a regular contributor to publications particularly on developments in the equities markets and structured products sold to retail investors. He acted as a technical expert to the UK FSA 2009 Lehman review and has appeared in front of IOSCO standing committees, the European Commission, the Chinese Banking and Regulatory Commission and numerous other regulatory authorities on behalf of the financial services industry. He is currently the Chairman of the Joint Association Committee (co-sponsored by ISDA, SIFMA, afme and the ICMA) on Retail Structured Products (the "JAC").
Alderman Hailes is a liveryman of the City of London Solicitors' Company, and the Worshipful Company of International Bankers, a freeman of the Worshipful Company of Pewterers a magistrate (Justice of the Peace) on the Central London bench and a member of The Royal Institute of International Affairs (Chatham House)
Alderman Hailes was the Chairman of the London chapter of Pride from 2004 - 2011. Pride is the employee networking group for lesbian, gay, transgender and bisexual employees at JPMorgan. He is also the EMEA diversity representative on the Legal Department Diversity Council.
Alderman Hailes is a Life Governor of the RNLI, for which his father was Treasurer of the local lifeboat station in Weymouth.
Alderman Hailes is a governor of King Edward's School, Witley.
In Alderman Hailes capacity of a member of the Court of Alderman and the Court of Common Council, he serves on the Community and Children's Services Committee, the Markets Committee and the Audit & Risk Committee of the City of London Corporation.
In October 2014 Alderman Hailes was recognised by the Legal 500 UK and announced the in-house finance lawyer of the year, in the same month was included in the top 100 FT out and proud heroes of the business world.