JPMorgan Forms External Advisory Panel for National Security Initiative

Dow Jones

Dec 08, 2025

By Colin Kellaher

JPMorgan Chase has formed an external advisory council to hep guide the long-term strategy of its $1.5 trillion security-and-resiliency initiative.

JPMorgan on Monday said its chairman and chief executive, Jamie Dimon, will initially chair the council, which will include Amazon Executive Chairman Jeff Bezos, Dell Chairman and CEO Michael Dell, former U.S. Secretary of State Condoleezza Rice and former Defense Secretary Robert Gates.

JPMorgan in October said it had committed to facilitating $1.5 trillion in investments for companies deemed "critical to national economic security and resiliency" over the next 10 years, including plans to invest $10 billion of its own capital to take stakes in companies such as defense contractors, mineral manufacturers and artificial-intelligence firms.

The New York bank on Monday said it has hired Todd Combs, one of Warren Buffett's top lieutenants, from Berkshire Hathaway to lead its efforts to make the direct equity investments.

Combs will also serve on the council when he joins JPMorgan in January, the bank said.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

December 08, 2025 07:49 ET (12:49 GMT)

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