Todd Combs Leaves Berkshire for JPMorgan as Wall Street’s $1.5 Trillion Defense Bet Accelerates
On December 8, 2025, Wall Street’s quiet pivot into national security and defense came into sharp focus as JPMorgan Chase confirmed it is hiring Berkshire Hathaway investment manager and GEICO CEO Todd Combs to lead a new $10 billion Strategic Investment Group inside its vast $1.5 trillion “Security and Resiliency Initiative.” JPMorgan Chase The move doesn’t just reshuffle the leadership…