Home / Business and Economy / Combs Jumps to JPM to Lead $1.5T Strategic Investment
Combs Jumps to JPM to Lead $1.5T Strategic Investment
8 Dec
Summary
- Todd Combs appointed to lead JPMorgan's $10 billion Strategic Investment Group.
- JPMorgan's initiative targets critical sectors like defense and energy.
- Bezos, Dell, and Gates join the initiative's External Advisory Council.
JPMorgan Chase is launching a significant Strategic Investment Group, appointing Todd Combs to lead its Security and Resiliency Initiative. Combs, formerly of Berkshire Hathaway, will manage $10 billion in direct equity investments. This move is part of a massive $1.5 trillion effort aimed at bolstering critical sectors crucial for national and economic stability.
The Strategic Investment Group will collaborate with the bank's commercial and investment divisions to identify opportunities across a wide range of clients. Combs's new role also includes serving as a Special Advisor to Chairman and CEO Jamie Dimon on strategic matters, underscoring the initiative's importance.
Complementing this, JPMorgan has formed an External Advisory Council, co-chaired by Jamie Dimon. This high-profile council includes industry leaders such as Jeff Bezos and Michael Dell, along with former government officials, who will provide strategic guidance for the initiative's investments.
