A JPMorgan veteran left to work in Detroit's government. Now he's back to help the bank's $1.5 trillion security effort.
Marcus von Kapff has returned to JPMorgan after a stint in Detroit's government to lead the bank's $1.5 trillion Security & Resilience Initiative. His role focuses on coordinating private industry efforts with government needs in advanced manufacturing.
Why it matters
It illustrates the increasing intersection of private finance and public policy in the context of national security and industrial strategy.
Marcus von Kapff returned to JPMorgan after working in the public sector. JPMorgan Marcus von Kapff spent 20 years at JPMorgan before working in Detroit's government. He's back at the bank, using his experience to help with its $1.5 trillion US security effort. Von Kapff said he can see problems from "another angle," as his team forges deals with the government. Marcus von Kapff's knowledge of Detroit's formerly byzantine permitting process for opening a small business has come in surprisingly handy in his new role at JPMorgan. Von Kapff spent two decades at JPMorgan before becoming Detroit's chief operating officer in 2024, and is now back to work on the firm's Security & Resilience Initiative , a $1.5 trillion effort to boost industries seen as strategically important to the US.
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