Jamie Dimon taps Jeff Bezos, Michael Dell, and Ford CEO Jim Farley to advise JPMorgan’s $1.5 trillion national security initiative
Jamie Dimon’s JPMorgan Chase just unveiled a list of business leaders and retired government officials that will make up a new advisory team to guide the investment bank’s $1.5 trillion national security initiative.
The external advisory council, announced on Monday, features prominent tech business leaders Jeff Bezos and Michael Dell as well as Ford CEO Jim Farley, alongside a number of national security and defense experts.
JPMorgan Chase announced its national security push—coined the Security and Resilience Initiative (SRI)—in October by saying it would first invest up to $10 billion in direct equity and venture capital to companies it characterizes as paramount to U.S. national security.
Dimon also said on Monday he poached one of Warren Buffett’s personally selected investors to head the investment fund starting in January.
Both of the announcements are initial steps to realizing the company’s national security pledge, which will span the next 10 years.
The council will be chaired by Dimon himself, and will “convene periodically” to “help spur growth and innovation in industries critical to the United States’ national security and economic resiliency,” the company said in its press release.
“We are humbled by the extraordinary group of leaders and public servants who have agreed to join our efforts as senior advisors to the SRI,” Dimon said in the Monday announcement. “With their help, we can ensure that our firm takes a holistic approach to addressing key issues facing the United States—supporting companies across all sizes and development stages through advice, financing and equity capital.”
List of advisory council members:
-Jeff Bezos, executive chairman and founder of Amazon and founder of Blue Origin
-Michael Dell, CEO of Dell Technologies
-Jim Farley, CEO of Ford Motor Company
-Alex Gorsky, former CEO of Johnson & Johnson
-Phebe Novakovic, CEO of General Dynamics
-Todd Combs, Berkshire Hathaway investment manager, CEO of Geico
-Paul Ryan, partner at Solamere Capital, former Speaker of the U.S. House of Representatives
-Condoleezza Rice, former U.S. secretary of state
-Robert Gates, former U.S. secretary of defense
-Chris Cavoli, retired general
-Ann Dunwoody, retired commanding general of U.S. Army Materiel Command
-Paul Nakasone, retired general and former NSA director
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