JPMorganChase is expanding its initiative that aims to strengthen supply chains and support critical industries to Continental Europe.
The bank launched the Security and Resilience Initiative (SRI) in the United States in October and announced in November that it would extend the initiative to the United Kingdom in the following months.
Now, JPMorganChase is expanding SRI across Europe, it said in a Tuesday (April 21) press release.
“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,” JPMorganChase Chairman and CEO Jamie Dimon said in the release. “Now, it is in our best interest to address these challenges together — because our security, freedom and economic growth depend on it.”
This $1.5 trillion, 10-year initiative aims to facilitate, finance and invest in five key verticals: supply chain and advanced manufacturing; defense and aerospace; energy independence and resilience; frontier and strategic technologies; and pharma and healthtech, according to the release.
JPMorganChase is investing in talent to facilitate the activation of SRI in Europe, the release said.
Advertisement: Scroll to Continue
SRI will be led in the region by the bank’s CEOs for Europe, the Middle East and Africa (EMEA), Conor Hillery and Matthieu Wiltz, in partnership with Global Banking’s Head of SRI, Jay Horine. Senior bankers Chuka Umunna and Daniel Rudnicki Schlumberger will help advances SRI initiatives in the U.K. and Continental Europe, respectively, per the release.
In addition, JPMorganChase intends to appoint Admiral Sir Tony Radakin, former chief of the U.K. Defence Staff, to the SRI External Advisory Council, subject to regulatory approval. The Council is made up of a dozen leaders from the public and private sectors who help guide SRI’s long-term strategy, according to the release.
“The collective experience of our External Advisory Council is a real force multiplier for SRI and will help support our strategic financing of critical industries to deliver meaningful impact in an increasingly complex global environment,” Dimon said.
When launching SRI in October, JPMorganChase said that as part of the plan, it will make direct equity and venture capital investments of up to $10 billion in select companies to help them boost growth, innovation and strategic manufacturing.
JPMorganChase Extends Critical Industries Investment Program to Continental Europe | PYMNTS.com Top World News Today.
Hence then, the article about jpmorganchase extends critical industries investment program to continental europe pymnts com was published today ( ) and is available on TOP world News today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( JPMorganChase Extends Critical Industries Investment Program to Continental Europe .. PYMNTS.com )
Also on site :
- Widow who lost life savings in romances scams died in Ghana crash after traveling ‘for marriage’
- New York lawsuits target prediction market giants Coinbase and Gemini in major showdown
- Ralph Fiennes, Viggo Mortensen, Charlotte Rampling, Katherine Langford & More Set For István Szabó’s ‘Embers’; Filming Underway & First Looks Revealed With Embankment Aboard For Cannes Market