JPMorgan Chase Bank India CEO Prabhdev Singh steps down

JP Morgan Chase Bank India CEO Prabhdev Singh He has reportedly resigned from his post and is leaving the bank after almost one and a half years into his three-year tenure.

Singh received regulatory approval for a three-year term beginning in January 2023, according to Bloomberg. informed of Monday (June 24).

He joined JPMorgan in 2010 and madhav kalyan According to the report, after Kalyan is appointed as the payments head for the Asia Pacific region, he will be appointed the CEO of the bank in India in October 2022.

When welfare was made Payment Head For the Asia Pacific region, he was successful Sridhar KanthadaiWho has moved into the role of Co-Head of Global Payment Rails and Payments VAs.

“Madhav’s appointment to this important role is another great example of the internal dynamism and strength of talent we have at the firm,” JPMorgan said in a statement at the time. “He joined JPMorgan in 2009 as Head of Corporate Banking for India and CEO of JPMorgan Chase Bank India, before becoming Senior Country Officer (SCO) for India in early 2021.”

Pranav Chavda will become head of India corporate banking, expanding on his current responsibilities as India commercial banking head, Bloomberg reported on Monday.

in the other Executive Changes On June 3 it was reported in JPMorgan that Takis GeorgakopoulosThe banking giant’s global head of payments was leaving the firm to pursue other ventures.

Georgakopoulos has headed that division since 2017 and is credited with expanding its payments business.

On Thursday (June 20), Fiserv Georgakopoulos declared that Desire will join the company from 3rd September and will work as a Senior AdvisorExecutive Vice President and Member of the Management Committee.

Prior to the announcement of his new role at Fiserv, Georgakopoulos wrote in a post on LinkedIn that he had decided to explore opportunities outside of JPMorgan.

“It’s never easy to do that, but after 17 years at JPMorgan, I decided to pursue it.” very exciting “An opportunity outside of the company (to be announced in due course),” he wrote in the post.

His departure took place At the same time When JPMorgan Chase’s board is planning a layoff CEO Changes in the medium term jamie dimon He has held the position for 18 years and is one of several financial CEOs whose names have been mentioned as potential candidates for senior positions in the government.


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