"JPM said Friday that it has appointed Anatoly Chubais, the architect of Russia's controversial privatization program in the 1990s, to the firm's International Council, an advisory body. Chubais, one of Russia's economic reformers, was responsible for a privatization program of state property in the 1990s that resulted in the emergence of Russian oligarchs, a handful of extremely wealthy, well-connected businessmen that acquired control of state assets. Chubais was recently named general director of state-run Russian Corporation of Nanotechnologies. Previously, Chubais was chief executive of United Energy Systems, Russia's largest power monopoly, which under his leadership was unbundled into 24 successor power companies. J.P. Morgan's International Council, which is chaired by former United States Secretary of State George P. Shultz, advises the firm's senior management on global business issues. Regarding the Chubais appointment, Jamie Dimon, CEO of J.P. Morgan, said that "we are very fortunate that someone with his unique experience will provide his perspective to our firm as we invest in growing our business in Russia and across Central Europe"