JP Morgan eyes midcap cos in India

Mumbai: As part of its plans to expand commercial banking services for midcap companies,

JP Morgan

on Monday announced four new appointments. The appointees will be part of the bank’s corporate client banking and specialised industries (CCBSI) team that provides global reach to mid-sized companies. “India is an important market for JP Morgan and we’ve taken a long-term approach,” said

Kalpana Morparia

, chairman, South and Southeast Asia, JP Morgan. The multinational is growing commercial banking in markets where the bank already has a strong presence. The four appointees are Pranav Chawda, former MD at DBS in charge of institutional banking group, who will head the CCBSI team.

The bank has also recruited Dhaval Shah, former director on the commercial banking corporate finance team at Citibank. Shah will head CCBSI in western India. Gautam Viswanathan, who has taken over treasury services to provide cash management for Indian companies, comes from HSBC, where he served as head of South Asia product management on the global liquidity & cash management team.

The fourth appointee, Srinivasan Kannan, who comes from within JP Morgan, will take charge of CCBSI south India. “The midcap sector in India is vibrant and as these companies go beyond their domestic market to do business, their needs evolve,” said

Pravin Advani

, head of CCBSI Asia-Pacific. “We’re uniquely positioned to provide India-based companies with the global financial solutions and expertise they need to succeed.”


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