JPMorgan Chase has launched a new unit, the Center for Geopolitics, aimed at helping clients navigate an increasingly uncertain global landscape. The initiative, led by Washington guru Derek Chollet, aims to provide in-depth analysis on foreign affairs, leveraging expertise from over 100,000 JPMorgan employees outside the US.
The center’s focus areas include the future of Russia and Ukraine, the Middle East, and America’s industrial base as the world rearms. Analysts warn of massive cyberattacks, global conflicts, and a renewed nuclear arms race, which are top concerns for CEO Jamie Dimon.
“We’re trying to help clients see around corners a little bit,” said Chollet, who recently served in the Biden administration. “This is a demand-driven exercise, for sure.” The center’s first reports cover U.S.-China competition, global trade restructuring, and the impact of populist movements on democratic institutions.
While some experts raise concerns about the ability of investment banks to produce independent analysis, others see the initiative as a necessary response to emerging customer needs. With JPMorgan hiring former officials like retired Gen. Mark Milley as senior advisors, the center aims to provide clients with expert insights to position themselves for new opportunities.
However, some critics argue that the focus on former officials may result in narrow perspectives, while others question the ability of investment banks to operate independently in foreign markets. Chollet acknowledged these concerns but emphasized the value of leveraging JPMorgan’s vast employee base outside the US.
Source: https://fortune.com/2025/05/22/jpmorgan-launches-geopolitics-arm-jamie-dimon-changing-world-order