JPMorgan names Todd Combs as head of Strategic Investment Group

JPMorganChase (JPM) announced that Todd Combs, Investment Manager of Berkshire Hathaway (BRK.B) (BRK.A) (BRK.A, BRK.B), CEO of GEICO and a former member of JPMorganChase’s Board of Directors, will head the $10B Strategic Investment Group of the firm’s new Security and Resiliency Initiative, which the firm recently launched to help companies enhance their growth, spur innovation and accelerate manufacturing, primarily in the United States. Combs will work closely with the Commercial & Investment Bank and Asset & Wealth Management 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 CEO, 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.