Berkshire Hathaway stock picker Todd Combs departs to lead new strategic investment group at JPMorgan

Todd Combs, one of Warren Buffett's investing lieutenants and the CEO of GEICO, is departing Berkshire Hathaway (BRK-B, BRK-A) and joining JPMorgan Chase (JPM) in a new role as part of a major shake-up at both firms. Combs is leaving Berkshire Hathaway and his role leading GEICO to run the bank's new investment group as part of its wider "security and resilience" initiative announced in October. Combs will report directly to JPMorgan CEO Jamie Dimon and step down from the company's board, where he has se ...