Nasser is joining One Equity Partners, the private equity division of Chicago-based Bank One, where he will focus on distressed investing. Why a move to finance after nearly 33 years in the car business? “I never spent a lot of time thinking about career planning, maybe to my detriment,” quips Nasser. One Equity Partners chief Dick Cashin and Bank One CEO Jamie Dimon spent two months this fall courting the veteran auto executive. Nasser’s first assignment: overseeing the bank’s controlling interest in Polaroid, the struggling camera and film maker. But Nasser will also be on the lookout for other opportunities, particularly in the manufacturing sector from which he hails. “Longer term my desire, at least, is to be involved in a nonexecutive role with two or three of the investments that One Equity Partners has made,” he says. “Looking for new opportunities will always be part of the mix for me.”
