JPMorgan Elects Warren Buffett Investment Officer Todd Combs to Board

JPMorgan Chase announced today that its Board of Directors has elected Todd Combs as a director of the company's JPMorgan Chase Bank, N.A. and Chase Bank USA, N.A. subsidiaries with immediate effect.

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Combs is an Investment Officer at Berkshire Hathaway, having joined the company in 2010. Prior to that, he was Chief Executive Officer and Managing Member of Castle Point Capital, an investment partnership which he founded in 2005. In this role, he managed capital for endowments, family foundations and institutions. Earlier in his career, he was an analyst for Florida's state financial regulator, analysing risks for insurer, Progressive Corp.

Commenting on his appointment, Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase, said: “Todd Combs is an extraordinary leader, investor and thinker, with a deep understanding of finance and business. We're pleased he has agreed to serve on our Board of Directors, and our company and our Board will benefit from his wisdom and judgment."

Todd Combs is an extraordinary leader, investor and thinker, with a deep understanding of finance and business.

JPMorgan Chase is a global financial services firm with assets of $2.5 trillion and operations worldwide. The bank is a prominent player in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management in the United States boasting many of the world's leading corporate, institutional and government clients.

Combs added: “I deeply appreciate this opportunity with JPMorgan Chase and look forward to working closely with my new colleagues on the Board of Directors. I'm pleased to join a team committed to serving the interests of customers, clients and shareholders.”

Combs recently embraced a bigger role at Warren Buffett’s Berkshire Hathaway since joining the company in 2010 to manage a portion of the investment portfolio. Buffett is reported to have credited Combs for arousing his interest in Precision Castparts Corp., one of his largest acquisitions to date.