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Dimon Assembles Star Council, Taps Todd Combs to Steer JPMorgan’s $1.5 Trillion Security Push

The advisory team will guide JPMorgan’s allocation of resilience financing to critical technologies.

The JPMorgan Chase & Co. building before the ribbon cutting ceremony, at the firm's new headquarters at 270 Park Avenue, in New York City, U.S., October 21, 2025. REUTERS/Eduardo Munoz/File Photo
JPMorganChase CEO Jamie Dimon released a list of business leaders and national security experts to advise the investment bank's national-security initiative on Monday.
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Overview

  • Jamie Dimon named an external advisory council that includes Jeff Bezos, Condoleezza Rice, Michael Dell, Jim Farley, and Robert Gates to inform the bank’s Security and Resilience Initiative.
  • The council is advisory only with no formal authority and will meet periodically to offer guidance on investment priorities tied to U.S. economic and national security.
  • JPMorgan will deploy $1.5 trillion over the next decade through loans, underwriting, and investments to reduce reliance on foreign suppliers in areas such as chips, AI, minerals, and pharmaceuticals.
  • Todd Combs will join in early 2026 to run a new $10 billion strategic investment fund focused on sensitive technologies including advanced semiconductors, artificial intelligence, and critical minerals.
  • The initiative has begun selective deployments, including a small stake in Perpetua Resources, which is developing an Idaho antimony project as the U.S. seeks alternatives to supplies from China and Russia.