Finance
JPMorgan's National Security Initiative to Expand in Europe
Published by Global Banking & Finance Review®
Posted on April 21, 2026
2 min readLast updated: April 21, 2026
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JPMorgan is expanding its $1.5 trillion, 10‑year Security and Resiliency Initiative (SRI)—which supports critical sectors like defense, energy, pharmaceuticals and tech—into Europe, with leadership from Jay Horine, Conor Hillery, Matthieu Wiltz and plans to appoint Admiral Sir Tony Radakin to its ad
JPMorgan to Expand $1.5 Trillion National Security Initiative in Europe
Expansion of JPMorgan's Security and Resiliency Initiative
NEW YORK, April 21 (Reuters) - JPMorgan Chase said on Tuesday its $1.5 trillion initiative to finance and invest in industries critical to U.S. national security will expand across Europe.
Key Details of the European Expansion
Here are some details:
Commitment to Strengthening Supply Chains
* The expansion of the so-called Security and Resiliency Initiative (SRI) underscores the U.S. bank's commitment to strengthen supply chains and support industries critical to innovation and growth, it said in a statement.
Leadership and Oversight in the Region
* JPMorgan's global head of SRI, Jay Horine, and CEOs for Europe, the Middle East and Africa, Conor Hillery and Matthieu Wiltz, will provide leadership, oversight and accountability for the initiative in the region.
Advisory Council Appointment
* The firm intends to appoint Admiral Sir Tony Radakin, the former chief of the UK Defence Staff, to the SRI external advisory council subject to regulatory approval.
Statements from JPMorgan Leadership
CEO Jamie Dimon's Remarks
* CEO Jamie Dimon 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."
Reporting Credits
(Reporting by Saeed Azhar; Editing by Chris Reese)
Key Takeaways
- •JPMorgan’s SRI is a $1.5 trillion, decade‑long effort supporting industries vital to national and economic security—including advanced manufacturing, defense, energy resilience and frontier technologies (e.g., AI, quantum) (jpmorgan.com).
- •The initiative is now expanding beyond the U.S.—beginning with the UK and broader Europe—with Europe EMEA CEOs Conor Hillery and Matthieu Wiltz joining global head Jay Horine in overseeing the regional rollout (thebanker.com).
- •JPMorgan intends to appoint Admiral Sir Tony Radakin, former UK Chief of the Defence Staff (Nov 2021–Sep 2025), to its external advisory council—pending regulatory approval—highlighting the SRI’s strategic, defense‑oriented focus in Europe (en.wikipedia.org).
References
Frequently Asked Questions about JPMorgan's national security initiative to expand in Europe
1What is JPMorgan's Security and Resiliency Initiative (SRI)?
JPMorgan's SRI is a $1.5 trillion effort to finance and invest in industries essential to national security and supply chain resilience.
2Why is JPMorgan expanding its initiative to Europe?
JPMorgan aims to support critical industries and strengthen supply chains in Europe, addressing security and economic growth concerns.
3Who will lead the SRI in Europe?
Leadership and oversight will come from Jay Horine, Conor Hillery, and Matthieu Wiltz.
4Who is set to join the SRI advisory council?
Admiral Sir Tony Radakin, former UK Defence Staff chief, is planned to join, pending regulatory approval.
5What is the main goal of JPMorgan’s European SRI expansion?
The goal is to address dependency on unpredictable sources for critical minerals and enhance collective security and prosperity.