Jay co-founded Cassia Capital Partners LLC, a registered investment advisor, in 2011 and has served as a managing partner since its formation. From 2005 to 2011, Jay was a partner and the Risk Management Officer for CMT Asset Management Limited, a private investment firm. From 2003 to 2004, he was a candidate for the United States Congress in the 5th District of North Carolina. He served as Chairman and Chief Executive Officer of Cygnifi Derivatives Services LLC, an online derivatives services provider, from 2000 to 2002. From 1985 to 2000, he was employed by J.P. Morgan & Co., serving in a variety of capacities as a Managing Director, including as Vice-Chairman of J.P. Morgan’s Risk Management Committee, Chair of J.P. Morgan’s Liquidity Committee, Global Head of Derivative Counterparty Risk Management, head of the swap derivative trading business in Asia and short-term interest rate derivatives and foreign exchange forward trading in Europe.
Jay graduated in 1981 from Wake Forest University with a bachelor’s degree in Politics and German. He graduated Magna Cum Laude with Honors and was inducted into Phi Beta Kappa and was a Fulbright Scholar at the University of Cologne in Germany. He received a MA degree in international finance and banking from Columbia University School of International and Public Affairs in 1984, where he was an International Fellow. Jay serves as a Director on the Coca Cola Consolidated Inc., Computer Task Group, and Piedmont Federal Savings Bank boards. He served five terms as a Wake Forest University trustee from 1997–2017 as well as a Director for the Wake Forest Baptist Medical Center. Jay co-founded the Winston Salem chapter of the New Canaan Society and serves as the Chairman of the national New Canaan Society Board. In addition, he serves on the International Advisory Board for the Quo Vadis Institute, based in Salzburg, Austria.