‘Leave the children enough so that they can do anything, but not enough that they can do nothing,’ Warren Buffett once said. Photo: Getty
JPMorgan has appointed Berkshire Hathaway’s Todd Combs as head of its Strategic Investment Group, which will make $10bn (€8.6bn) of direct equity investments, as the lender pushes further into the economic security space.
Mr Combs, who was an investment manager at Warren Buffett’s firm, will identify opportunities in the defence, aerospace, healthcare and energy sectors, according to a statement. He will join the company in January 2026 and report to Jamie Dimon. He has stepped down as a board member of the bank.
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