New York City, December 15, 2025
Todd Combs, a key investment manager at Berkshire Hathaway, is leaving to head JPMorgan Chase’s Strategic Investment Group within its Security and Resiliency Initiative. This pivotal role will focus on enhancing U.S. economic security through a $10 billion investment fund targeting critical industries, such as defense and healthcare. Combs’ transition occurs amid significant leadership changes at both firms, marking a transformative period as they adapt to future challenges in the economic landscape.
New York City, NY
Todd Combs to Lead JPMorgan’s New Strategic Investment Group
Significant Leadership Changes as Focus Shifts to Economic Resilience
Todd Combs, a prominent investment manager at Berkshire Hathaway, is set to depart the company to lead JPMorgan Chase’s new Strategic Investment Group within its Security and Resiliency Initiative. This move signifies a significant shift in both companies’ leadership structures.
Combs, who has been with Berkshire Hathaway since 2010 and served as CEO of GEICO since 2020, will assume his new role in January 2026. In this capacity, he will oversee a $10 billion investment fund aimed at bolstering U.S. economic security by supporting strategic industries such as defense, aerospace, healthcare, and energy. Reporting directly to JPMorgan CEO Jamie Dimon, Combs will act as a special advisor to the firm’s operating committee on specific strategic issues. Additionally, he will be a member of the Security and Resiliency Initiative’s External Advisory Council, including leaders from various industries.
JPMorgan’s Security and Resiliency Initiative
The establishment of the Strategic Investment Group under Combs is part of JPMorgan’s broader ambition to enhance U.S. economic resilience. The Security and Resiliency Initiative is a $1.5 trillion, decade-long plan designed to support strategic industries critical to national security. The initiative’s focus on bolstering key sectors showcases a commitment to strengthening economic foundations through private investment, highlighting how entrepreneurial innovation can emerge in response to national needs.
Implications of Leadership Changes at Berkshire Hathaway
Combs’ transition also comes at a pivotal time for Berkshire Hathaway, as Warren Buffett prepares to step down as CEO, with Greg Abel set to succeed him on January 1, 2026. The departure of Combs, alongside other leadership changes—including the retirement of CFO Marc Hamburg and the promotion of Nancy Pierce to CEO of GEICO—marks a significant restructuring within Berkshire Hathaway. These changes are part of a broader strategy to modernize the company’s leadership and operations in anticipation of a post-Buffett era, showcasing how adaptability and forward-thinking leadership are essential in the business landscape.
Stock Performance Reflects Market Stability
As of December 13, 2025, Berkshire Hathaway’s stock (BRK.A) is trading at $748,886.97, reflecting a slight increase of 0.85% from the previous close. This stability demonstrates the resilience of Berkshire Hathaway’s business model amid leadership transitions, suggesting confidence among investors in the firm’s future direction.
The Role of Todd Combs in Economic Development
Combs’ appointment to lead JPMorgan’s Strategic Investment Group is seen as a strategic move to leverage his investment expertise in supporting U.S. economic resilience. His robust experience in managing large-scale investments in strategic industries positions him to play a pivotal role in this initiative, indicating how private sector leaders can drive innovation and growth in critical sectors.
Conclusion
The transition of Todd Combs from Berkshire Hathaway to JPMorgan Chase signals a noteworthy development in the leadership landscapes of both firms. As the U.S. economy faces various global challenges, initiatives like JPMorgan’s Security and Resiliency Initiative represent a proactive approach in enhancing national security through private investment. Supporting local businesses and embracing entrepreneurial spirit remain vital components of fostering economic growth in New York, as well as across the nation.
Stay engaged in New York’s economic future and consider supporting local businesses, as their resilience and innovation will be crucial in navigating the complexities ahead.
Frequently Asked Questions (FAQ)
Who is Todd Combs?
Todd Combs is an investment manager at Berkshire Hathaway and CEO of GEICO. He has been with Berkshire Hathaway since 2010 and has played a significant role in the company’s investment decisions.
What is JPMorgan’s Security and Resiliency Initiative?
JPMorgan’s Security and Resiliency Initiative is a $1.5 trillion, decade-long plan aimed at bolstering U.S. economic security by supporting strategic industries such as defense, aerospace, healthcare, and energy. The initiative includes a $10 billion investment fund to support these sectors.
What leadership changes are occurring at Berkshire Hathaway?
As Warren Buffett prepares to retire, Berkshire Hathaway is undergoing significant leadership changes. Greg Abel is set to succeed Buffett as CEO on January 1, 2026. Additionally, CFO Marc Hamburg is retiring, and Nancy Pierce has been promoted to CEO of GEICO.
What is the significance of Todd Combs joining JPMorgan?
Combs’ appointment to lead JPMorgan’s Strategic Investment Group is seen as a strategic move to leverage his investment expertise in supporting U.S. economic resilience. His experience in managing large-scale investments in strategic industries positions him to play a pivotal role in JPMorgan’s initiative to support critical sectors vital to national security.
Key Features of the Article
| Feature | Description |
|---|---|
| Todd Combs’ Departure | Combs is leaving Berkshire Hathaway to lead JPMorgan’s new Strategic Investment Group. |
| JPMorgan’s Initiative | The $1.5 trillion Security and Resiliency Initiative aims to bolster U.S. economic security by supporting strategic industries. |
| Leadership Changes at Berkshire Hathaway | Greg Abel is set to succeed Warren Buffett as CEO, with other leadership changes including the promotion of Nancy Pierce to CEO of GEICO. |
| Stock Performance | Berkshire Hathaway’s stock (BRK.A) is trading at $748,886.97 as of December 13, 2025. |
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