JPMorgan Chase has appointed a group of top leaders to further its push into sectors related to economic resilience and national security.
In October, the bank announced the Security & Resiliency Initiative (SRI), a $1.5 trillion, 10-year plan to support investment and finance in sectors such as vital infrastructure, energy, defence, semiconductors, and artificial intelligence.
As the SRI lead for frontier and strategic technologies, Kevin Quinn has joined. He was formerly employed at the CHIPS Program Office of the U.S. Department of Commerce.
Sara O’Rourke has been named to manage SRI Solutions, a cross-functional team that collaborates with banking and product divisions to solve supply chain risks, while Trevor Burns will lead SRI for defence and aerospace.
After working as an investment director at the CHIPS Investment Office, Caroline Sambuco joined SRI Solutions as a vice president, and Shannon Wu and Kelly Wolfe moved into new positions assisting SRI’s banking and operational teams.
The expansion coincides with a surge in government and private sector investment in technology development to strengthen U.S. security due to geopolitical tensions.
JPMorgan hopes to support these businesses through its growing investment push.
Leading AI companies, such as OpenAI and Anthropic, are under pressure from the Pentagon to enable their capabilities on classified networks.
The Wall Street Journal revealed this week that the U.S. military employed Anthropic’s Claude during the raid to apprehend former Venezuelan President Nicolás Maduro, highlighting Washington’s growing need for cutting-edge security technologies.
