JPMorgan’s national security initiative to expand in Europe

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.

Here are some details:

* 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.

* 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.

* 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.

* ​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.”