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JPMorgan taps CHIPS, defense officials for $1.5 trillion security initiative push, memo says
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JPMorgan taps CHIPS, defense officials for $1.5 trillion security initiative push, memo says
Mar 11, 2026 4:59 AM

Feb 20 (Reuters) - JPMorgan Chase ( JPM ) has appointed

a group of senior leaders to advance its push into sectors tied

to national security and economic resilience, according to ​a

memo seen by Reuters on Friday.

The ‌bank launched its 10-year, $1.5 trillion Security &

Resiliency Initiative (SRI) in October to facilitate ⁠financing

and investment across industries including semiconductors,

defense, energy, artificial intelligence ⁠and critical

infrastructure.

Kevin Quinn has joined as the ‌SRI lead ‌for frontier and

strategic technologies. He previously worked at the U.S.

Department of ​Commerce's CHIPS Program Office, according ‌to the

memo.

Trevor Burns will serve as the head of SRI for defense and

aerospace, while Sara ​O'Rourke has been appointed ​to lead ‌SRI

Solutions, a cross-functional team that works with banking and

product groups to address supply chain vulnerabilities, the ⁠memo

said.

Shannon Wu and Kelly Wolfe moved into new ⁠roles supporting

SRI's banking and operational teams, while Caroline Sambuco has

taken on the role of vice president in SRI Solutions, after

serving as an investment director at the CHIPS ⁠Investment

Office.

The ‌expansion comes as geopolitical tensions drive increased

government ‌and private-sector spending on developing

technologies to bolster U.S. ⁠security, and JPMorgan ( JPM ) aims to back

those companies through its expanding investment push.

The Pentagon is pushing top AI firms, including OpenAI and

Anthropic, to make their AI tools usable on classified networks.

Last week, the Wall Street Journal reported that the U.S.

military ​used Anthropic's Claude during the raid to capture

former Venezuelan President Nicolás Maduro, underscoring

Washington's accelerating demand for advanced security

technologies.

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