Kalpana Morparia, till recently vice chairwoman at ICICI Bank, has joined JP Morgan to head its India operations. JP Morgan said in a press release that Morparia has been appointed as chief executive officer for its Indian operations to expand investment banking, asset wealth management and treasury and securities services in the region. Morparia was the vice chairwoman of insurance, securities and asset management. She will be based in Mumbai and report to Gaby Abdelnour, chairman and chief executive of JP Morgan Asia Pacific.
Morparia was with ICICI Bank for 33 years and was the head of it's Corporate Centre, which was responsible for ensuring strategic consistency between the Banks business units on a group- wide basis and to lead group wide strategic initiatives. She was also the official spokesperson of the company.
Morparia, who is a graduate in law from Mumbai University, joined ICICI Limited in 1975 as a Senior Legal Officer in the Legal Department. From there she rose on to be appointed the Executive Director of ICICI Limited in the year 2001. Fifty-seven years old now, she was elevated to the post of Joint Managing Director in April 2006. She retired from the board last June, after which she was appointed as Chief Strategy and Communications Officer.
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