American financial major JPMorganChase has announced the expansion of its USD 1.5 trillion, 10-year Security and Resiliency Initiative (SRI) to Canada. As per the venture, 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 2025, SRI is a USD 1.5 trillion, 10-year initiative to facilitate, finance, and invest in five key verticals, including supply chain and advanced manufacturing, defense and aerospace, energy independence and resilience, frontier and strategic technologies, and pharma and health tech.
“In Canada, JPMorgan Chase expects SRI to align closely with some of the country’s strengths and key priorities, including defense, energy and mining, and supporting secure, resilient supply chains with trading partners,” the company said.
“Canada has deep strengths on the world stage—rich in talent, abundant in resources, and home to companies at the forefront of critical industries. By extending SRI to Canada, we’re strengthening the vital industries and supply chains that underpin North American economic resilience, which is essential to shared prosperity and collective security,” said Jamie Dimon, chairman and CEO of JPMorgan Chase.
David Rawlings, CEO for JPMorgan Chase Canada, will lead the initiative locally, providing oversight and accountability across the North American country.
“Rawlings 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 US, and across global trading partners,” JPMorgan Chase said.
“Separately, JPMorgan Chase is proud to play a leading role in the establishment of the Defense, Security, and Resilience Bank (DSRB), which will be headquartered in Canada. As one of the key financial institutions helping to stand up the DSRB, our involvement reflects JPMorgan Chase’s deep commitment to helping finance future defense and security objectives. Canada’s selection as the headquarters further strengthens the country’s position in defense, aerospace, advanced manufacturing, and research and development,” the venture continued.
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 the North American country. Through JPMorganChase’s global network in more than 100 nations, 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, JPMorganChase is expanding its operations to support clients as investment priorities evolve and supply chains become more critical to long-term competitiveness.