Jamie Dimon Hires Former Berkshire Hathaway Executive
What happened
Jamie Dimon hired Todd Combs, a former GEICO CEO and investment manager at Berkshire Hathaway, in December 2025. Combs was brought to JPMorgan Chase to lead a $10 billion investment group as part of the bank’s Security and Resiliency Initiative. Jamie Dimon stated that Warren Buffett accepted the move, noting that Buffett said, “if he’s going anywhere, at least he’s going to you”.
From fortune.com
Why it matters
The move involves poaching a senior investment manager from Berkshire Hathaway, a conglomerate known for its decentralized structure and long-term executive tenure. Combs had been at Berkshire Hathaway since 2010 and was one of two investment managers tasked with picking stocks for the company.
From fortune.com
Who's involved
- Jamie DimonCEO of JPMorgan Chase who recruited the former Berkshire Hathaway executive.
- Berkshire HathawayConglomerate from which the executive was recruited.
- JPMorgan ChaseFinancial services holding company that hired the new investment group.
- Warren BuffettOwner of Berkshire Hathaway who was informed of the executive's departure.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Berkshire HathawaySpeculative
Berkshire Hathaway could face changes in investment returns or capacity due to the loss of a key investment manager during succession planning.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Loss of key talent may impact Greg Abel's leadership at Berkshire HathawayThe loss of a key investment manager may impact Greg Abel's leadership at Berkshire HathawayLikely
- Alphabet Inc. may see changes in investment focus from Berkshire HathawayAlphabet Inc. may face shifts in investment focus from major shareholder Berkshire HathawayPossible
- Goldman Sachs may face pressure from JPMorgan's new investment talentGoldman Sachs faces increased competitive pressure from JPMorgan Chase's new investment groupPossible
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The entities involved
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Jamie Dimon
American banking executive
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GEICO
auto insurance company
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Berkshire Hathaway
American multinational conglomerate holding company
Related events
- Berkshire Hathaway confirmed Greg Abel as the new CEO and announced a major $10 billion investment in Alphabet (Google) on January 1, 2026.
- Greg Abel has taken the reins as CEO of Berkshire Hathaway, overseeing the company's strategic moves, including a major $8.5 billion acquisition of Taylor Morrison and investments in AI infrastructure.
- Berkshire Hathaway invested in Bending Spoons' IPO, which subsequently acquired Vimeo and AOL.
- Buffett admitted Kraft Heinz was a rare gaffe as Berkshire Hathaway remains a large shareholder in the company, while the Gates Foundation holds equity in both Kraft Heinz and BRK.
- Greg Abel is shifting cash allocation within Berkshire Hathaway.