CHICAGO—Mere weeks after his unusual mid-March graduation from Northwestern University's School of Law, Shaun Daley, son of Chicago mayor Richard M. Daley, was named chairman of the Illinois Nepotist Party Monday.

"I'm thrilled and humbled to be chosen to lead one of Chicago's most beloved and respected political organizations," said Daley, who was sworn in at his family's ancestral residence, the Chicago City Hall. "I swear to you all that I shall do my best to uphold the principles and last name that have made Chicago what it is today."

Daley vowed to use his position to combat unemployment amongst the sons and daughters of Illinois' most prominent politicians and business figures.