The Reserve Bank of India (RBI) has approved the appointment of Prabdev Singh as the new CEO of JP Morgan Chase India. Singh, who has over 25 years of experience in the banking and financial services industry, will take over the role effective immediately.
Singh will be responsible for leading the bank’s operations in India, including its investment banking, corporate banking, and asset management businesses. He will also work closely with the bank’s senior management team to develop and implement strategies that align with the bank’s overall global business objectives.
Singh has previously served as the CEO of Citibank India and had been the Managing Director and Head of Corporate Banking at Standard Chartered India. He has also held leadership positions at several other leading global financial institutions.
JP Morgan Chase CEO Jamie Dimon said in a statement, “We are thrilled to have Prabdev join our team as CEO of JP Morgan Chase India. He brings a wealth of experience and leadership skills to the role, and we are confident that he will help us to continue to grow our business in India.”
Singh said he was honored to be appointed as the CEO of JP Morgan Chase India and was looking forward to working with the bank’s talented team to continue to build on the strong foundation that the bank has established in India.
The appointment of Singh is seen as a positive step by the industry experts, as it will strengthen the bank’s position in India and will also help it to tap into the huge potential of the Indian market.
JPMorgan Chase & Co. is a worldwide financial services corporation based in New York City and registered in Delaware. It is the largest bank in the United States and the largest bank in the world in terms of market capitalization. The Financial Stability Board considers the business to be systemically significant because it is the largest of the Big Four banks.