NEW YORK, April 21 - JPMorgan Chase said on Tuesday that it will extend its $1.5 trillion Security and Resiliency Initiative (SRI) across Europe, reiterating the bank s focus on financing and investing in industries deemed critical to U.S. national security.
The firm provided specific details on leadership and governance for the European expansion and outlined an advisory appointment it intends to pursue.
Leadership and oversight
- JPMorgan named Jay Horine as its global head of SRI. Horine, together with Conor Hillery and Matthieu Wiltz - the bank s CEOs for Europe, the Middle East and Africa - will be responsible for providing leadership, oversight and accountability for the initiative within the region.
Advisory council appointment
- The bank said it intends to appoint Admiral Sir Tony Radakin, the former chief of the UK Defence Staff, to the SRI external advisory council. That appointment is subject to regulatory approval.
Stated rationale from the CEO
JPMorgan s chief executive, Jamie Dimon, framed the expansion as a response to long-standing dependence on unreliable sources for strategic inputs. He said: "For too long, the U.S. and Europe have relied on unpredictable sources for things like critical minerals that are essential to collective security and prosperity. Now, it is in our best interest to address these challenges together - because our security, freedom and economic growth depend on it."
Scope and emphasis
The announcement emphasized SRI s role in strengthening supply chains and supporting industries the bank describes as critical to innovation and growth. The expansion to Europe formalizes JPMorgan s regional governance for the initiative and signals an intent to marshal financing and investment toward those priorities.
Note: The bank s statement focused on leadership, advisory plans and the strategic intent behind SRI. It did not provide additional operational or transactional details in the release cited here.