Jamie Dimon poached Warren Buffett’s protégé to run a $10 billion fund—he says Buffett’s response was ‘at least he’s going to you’
Former Geico CEO Todd Combs had been at Berkshire since 2010.
Jamie Dimon, CEO of JPMorgan Chase, recently hired former Geico CEO Todd Combs to lead a $10 billion investment group as part of JPMorgan's Security and Resiliency Initiative. Combs, a former hedge fund manager, had been with Berkshire Hathaway since 2010, where he served as one of two investment managers. In a January event at the U.S. Chamber of Commerce, Dimon called Buffett to inform him of Combs' hiring, to which Buffett reportedly replied, "at least he's going to you."
Dimon praised Combs, calling him "one of the greatest investors and leaders" he's known. Combs' hiring highlights JPMorgan's focus on experienced leadership and the decentralized nature of Berkshire Hathaway, which values long tenures and minimal churn at the top.
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