Todd Combs Joins Board of JPMorgan Chase

(BRK.A), (BRK.B)

(BRK.A), (BRK.B)

One of Berkshire Hathaway’s top stock pickers, Todd Combs, has joined the board of JPMorgan Chase/

JPMorgan Chase elected Todd Combs, 45, a director of the company, effective September 19, 2016.

Mr. Combs’ appointment to a Board Committee will be announced when determined. He was named a director of the company’s JPMorgan Chase Bank, N.A. and Chase Bank USA, N.A. subsidiaries.

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

“Todd Combs is an extraordinary leader, investor and thinker, with a deep understanding of finance and business,” said Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase. “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,” Dimon added.

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

© 2016 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.