Combs, 54, will lead JPMorgan's new Security and Resiliency Initiative, where he will have $10 billion to start working on new investments in defense, aerospace, health care and energy industries.
Berkshire Hathaway announced several leadership changes on Monday. The shake-up comes ahead of Greg Abel's succession to Warren Buffett as CEO in the new year.
Veteran investment manager Todd Combs is leaving Berkshire Hathaway to join JPMorgan Chase, marking one of the most significant executive moves in US finance as Warren Buffett prepares to step back from running the $1.1 trillion conglomerate.
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