JPMorgan Chase Is Getting New Strategic Leadership, Courtesy of Berkshire Hathaway

• Todd Combs, who was erstwhile considered a imaginable successor to Warren Buffett, volition beryllium a cardinal fig successful the bank's caller home concern program.

• His departure comes arsenic Buffett prepares to vacate the CEO relation astatine Berkshire Hathaway.

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Warren Buffett's institution Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) is going to look antithetic successful 2026. Buffett, of course, is stepping down arsenic the company's main enforcement officer, to beryllium replaced by longtime institution enforcement Greg Abel.

However, that's not the lone large alteration successful the enforcement ranks. Todd Combs, who was erstwhile considered a imaginable replacement for the Berkshire CEO, is besides departing to instrumentality a high-level presumption astatine apical U.S. slope JPMorgan Chase (NYSE: JPM). Here's a look astatine his caller occupation and however this determination mightiness impact some his erstwhile and existent employers.

Combs, notable for being 1 of Berkshire's apical concern lieutenants (along with Ted Weschler) brought successful to perchance win Buffett, jumped vessel to JPMorgan Chase successful December. The slope announced that Combs would beryllium a cardinal fig successful its precocious announced Security and Resiliency Initiative (SRI).

The SRI is an absorbing beast. JPMorgan Chase launched it successful October, earmarking $1.5 trillion implicit a 10-year agelong to supply fiscal enactment to enterprises deemed strategical to the nationalist interest. In its property merchandise trumpeting the caller concern unit, the slope wrote that its rollout "comes astatine a clip erstwhile the U.S. is looking to modernize infrastructure, fortify proviso chains, and instrumentality policies that beforehand growth."

The SRI's contiguous program is to marque $10 cardinal worthy of nonstop equity and task superior investments successful companies that tin beforehand this goal. It astir goes without saying that astir of these enterprises volition beryllium based successful the U.S.

The SRI volition ore connected 4 segments of the economy: proviso concatenation and precocious manufacturing (particularly successful the healthcare field), defense/aerospace, energy, and "frontier" and strategical technology.

Combs volition caput an SRI portion called the strategical concern group. He volition beryllium tasked with uncovering concern opportunities for the $10 cardinal successful mid- and large-sized businesses crossed those sectors.

The erstwhile Berkshire enforcement is nary alien to JPMorgan Chase, having served arsenic a subordinate of its committee from September 2016 until helium stepped down conscionable earlier his assignment to SRI. In summation to his stock-picking skills, Combs has precocious managerial experience, serving arsenic CEO of Berkshire's large security institution GEICO from 2020 to 2025.