04/12/2009 05:12 am ET Updated May 25, 2011

Gene Saffold: JP Morgan Exec Named Chicago's Chief Financial Officer

A municipal finance expert who works with Mayor Daley's brother and spent 10 years on the Chicago Board of Education was chosen Thursday to become the city's $164,000-a-year chief financial officer.

Gene Saffold is managing director for national accounts for JP Morgan Chase, where William Daley serves as Midwest chairman.

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