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.