JPMorgan Taps Todd Combs, Investment Manager of Berkshire Hathaway To Lead $10B Strategic Investment Group Of The Firm's New Security And Resiliency Initiative

Todd Combs to lead firm's efforts to make direct equity investments of an initial $10 billion as part of its $1.5 trillion initiative to address pressing needs in key sectors from critical minerals to frontier technologies

JPMorganChase today announced that Todd Combs, Investment Manager of Berkshire Hathaway, Chief Executive Officer of GEICO and a former member of JPMorganChase's Board of Directors, will head the $10 billion Strategic Investment Group of the firm's new Security and Resiliency Initiative (SRI), which the firm recently launched to help companies enhance their growth, spur innovation and accelerate manufacturing, primarily in the United States.

Combs, one of the world's leading investors, will work closely with the Commercial & Investment Bank (CIB) and Asset & Wealth Management (AWM) to identify opportunities that cut across middle-market and large corporate clients in the defense, aerospace, healthcare and energy sectors. He will also act as a Special Advisor to Jamie Dimon, Chairman and Chief Executive Officer, and to the firm's Operating Committee on specific strategic issues. In addition, Combs will be a member of the SRI's External Advisory Council, which was announced today (see below).