Global financial services firm JPMorgan Chase & Co has named Kaustubh Kulkarni as the new head of its investment banking division for India, as per separate agency reports citing the company spokesperson. Kulkarni succeeds Rohit Chatterji, who has been elevated as head of the bank's emerging Asia mergers and acquisitions business.
Chatterji is taking up the role as head of M&A for Asia (excluding Japan) from Rob Sivitilli, who resigned from the US bank for personal reasons after serving for 18 years. He joined JPMorgan in New York in 1996.
Chatterji, a computer engineer from BITS and an IIM Ahmedabad alumnus, started his career with ICICI Securities where he was involved with TMT vertical for three years before he moved to JPMorgan. He has served in several roles at the US bank in Hong Kong and Singapore.
He moved in as head of investment banking for India four years ago and will now shift back to Singapore as part of assuming the new role.
The movement marks another round of top level changes at global investment banking majors in Asia. Last week, Goldman Sachs named John Kim, the co-country head of Goldman Sachs Korea since 2007, as the head of mergers and acquisitions (M&A) for Asia, excluding Japan.
He will now relocate to Hong Kong from Seoul in July to assume the new position.
Kim takes over from Richard Campbell-Breeden, who has now been named as vice chairman of investment banking for Asia-Pacific region, excluding Japan.
(Edited by Joby Puthuparampil Johnson)