- One of Warren Buffett’s key deputies is leaving Berkshire Hathaway.
- Todd Combs, the CEO of Berkshire-owned Geico, is joining JPMorgan to head up a new unit.
- Combs’ departure comes after five years as head of Geico.
One of Warren Buffett’s top lieutenants is leaving Berkshire Hathaway to join JPMorgan.
Todd Combs, one of Buffett’s two investment managers and the CEO of Berkshire-owned Geico, will lead JPMorgan’s $10 billion Strategic Investment Group, part of its new Security and Resiliency Initiative.
The initiative is aimed at helping companies to accelerate growth, boost innovation, and bolster manufacturing, particularly in the US.
This is a developing story.