JPMorgan Chase had announced the expansion of its $1,500,000 million, 10-year Security and Resiliency Initiative (SRI) to Canada. The announcement builds on SRI?s recent expansion to Europe and the firm?s momentum in Canada, which has nearly doubled franchise revenue and increased headcount by a third over the past five years. First announced in the United States in October, SRI is a $1,500,000 million, 10-year initiative to facilitate, finance and invest in five key verticals, including supply chain and advanced manufacturing, defence and aerospace, energy independence and resilience, frontier and strategic technologies, and pharma and healthtech.

In Canada, JPMorgan Chase expects SRI to align closely with some of the country?s strengths and key priorities including defence, energy and mining, and supporting secure, resilient supply chains with trading partners. David Rawlings, CEO for JPMorgan Chase Canada, will lead the initiative locally, providing oversight and accountability across the country. He will work with clients and public- and private-sector organizations to advance SRI?s multilateral initiatives ?

including providing banking and advisory support to select next-generation companies building critical capacity in Canada, the U.S. and across global trading partners. Separately, JPMorgan Chase is playing a leading role in the establishment of the Defence, Security and Resilience Bank (DSRB), which will be headquartered in Canada. As one of the key financial institutions helping to stand up the DSRB, JPMorgan Chase?s involvement reflects commitment to helping finance future defence and security objectives.

Canada?s selection as the headquarters further strengthens the country?s position in defence, aerospace, advanced manufacturing, and research and development. JPMorgan Chase serves clients across Canada through offices in Toronto, Montreal, Calgary and Vancouver, with a focus on cross-border activity. The firm helps Canadian clients invest, grow and transact globally and serves subsidiaries of global companies operating in Canada.

Through JPMorgan Chase?s global network in more than 100 countries, the firm helps connect Canadian companies and institutions to global capital and markets. As Canada attracts more capital and capabilities to strengthen domestic growth and resilience, JPMorgan Chase is expanding its operations to support clients as investment priorities evolve and supply chains become more critical to long-term competitiveness.