JP Morgan has hired Vibhav Panandiker as a managing director to look at its private equity investments in Southeast Asia and India. Panandiker joins from Standard Chartered Private Equity where he was a director. He will be based out of JP Morgan's Singapore office. JP
Morgan has also hired Cathy Zhang as managing director for its China operations.
Last year JP Morgan brought in Varun Bery and John Troy, co-founders of TVG Capital Partners Ltd, to head its Asia private equity efforts. The bank's India head Kalpana Morparia has earlier
said that it plans to make $800 million to one billion in private equity investments in India in next couple of years. JP Morgan also invests from One Equity Partners, which is focused primarily on doing control transactions.
Panandiker will be reporting to Varun Bery. A former Wipro employee, Panandiker has worked on buyouts of Natsteel Limited, Unza Holdings, Sei Woo Technology and Amtek Engineering.