RBI approves appointment of Prabdev Singh as India head of JP Morgan Chase

Daily Current Affairs / RBI approves appointment of Prabdev Singh as India head of JP Morgan Chase

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Category : International Published on: January 30 2023

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JPMorgan Chase & Co. has received approval from India’s central bank to name Prabdev Singh as the lender’s chief executive officer in the country.
Singh had been JPMorgan’s interim CEO since November, replacing Madhav Kalyan who — in October — was named head of payments for Asia Pacific.
Prabdev Singh is a trained engineer and has worked for a decade at HSBC Holdings Plc before joining JPMorgan in 2010.
The Wall Street firm, JPMorgan, traces its presence in India back to 1922 and started commercial banking operations in the country about 15 years ago.
JPMorgan has four commercial bank branches in the country.