Lili Buffett, the granddaughter-in-law of Warren Buffett, is one of JPMorgan Chase's newest employees.
She started at the biggest U.S. bank on Monday, according to a post on her Instagram account. She will be a part of the firm's U.S. wealth management unit, according to a person familiar with the matter, who requested anonymity as the details aren't public.
A JPMorgan representative declined to comment. Lili Buffett didn't immediately reply to requests for comment.
New York-based JPMorgan identified wealth management as one of its key growth initiatives at its investor day in May. It plans to hire about 1,300 advisors in the division over the next three years. Jennifer Piepszak, co-chief executive officer of JPMorgan's consumer and community banking operation, said at the event that such investments will "position us to win."
Lili Buffett, 36, married Howard W. Buffett, the grandson of the billionaire investor, in 2011. She's a graduate of Columbia University and her LinkedIn also lists experience as a part-time board member of the Bill & Melinda Gates Foundation, where Warren Buffett was a trustee from 2006 to 2021 and has contributed more than
Todd Combs, who helps Buffett manage some of Berkshire Hathaway's roughly $327 billion stock portfolio, is a member of JPMorgan's board of directors. The two companies, along with Amazon, created a healthcare venture aimed at overhauling benefits, though it ceased operations last year.
"Can't wait to shop for work attire for my new career at JP Morgan," Buffett said in a Sep. 13 Instagram post.
--With assistance from Amanda L Gordon, Hannah Levitt and Max Reyes.
