Pentagon Recruits Wall Street Bankers for $200 Billion Strategic Investment Program
The U.S. Department of Defense has recruited up to 30 bankers from Goldman Sachs, Morgan Stanley, JPMorgan and Bank of America to manage a $200 billion public investment program over three years. The hires, offered salaries of up to $600,000 annually for two- to three-year secondments, will focus on strategic sectors for U.S. economic and technological sovereignty. The initiative was detailed in a job posting circulated this winter, according to Semafor.
The U.S. Department of Defense has recruited up to 30 bankers from Goldman Sachs, Morgan Stanley, JPMorgan and Bank of America to manage a $200 billion public investment program over three years, according to a job posting that circulated this winter and was reported by Semafor.
The hires, offered salaries of up to $600,000 annually (approximately 517,000 euros), will serve on two- to three-year secondments. The posting described the opportunity to invest "more capital than most investors invest in an entire career" and cited the chance to "serve one's country."
The initiative focuses on strategic sectors for U.S. economic and technological sovereignty, aligning with the Pentagon's broader push to secure supply chains and maintain military superiority. The program marks an unusual direct recruitment of Wall Street talent into the Defense Department, offering compensation that rivals private-sector pay for senior bankers.