India has given its approval for Pranav Chawda to assume the role of CEO for JPMorgan’s banking unit in the country
India’s central bank has granted approval for Pranav Chawda to take on the role of Chief Executive Officer of JPMorgan Chase & Co.’s local banking unit for a three-year period.
Chawda, who currently oversees commercial banking, will also assume the position of head of the corporate banking division, according to a statement from the U.S. lender on Wednesday. This role became available after the former CEO, Prabdev Singh, resigned before completing his term.
Kaustubh Kulkarni, JPMorgan’s senior country officer for India and vice chairman for Asia Pacific, commented that Chawda’s expertise will be key in advancing the corporate banking business as the company seeks to harness the numerous opportunities in India.
A chartered accountant, Chawda started his career in 1995 as an assistant manager at Deloitte, as per his LinkedIn profile. He joined JPMorgan in 2019 as head of client banking and specialized industries, focusing on mid-sized, India-based firms. Before that, he served as managing director for institutional banking at DBS Bank in India.
JPMorgan’s history in India stretches back to 1945, when its predecessor Chase National Bank opened a representative office in Mumbai. The firm now operates in Mumbai, Bangalore, and Hyderabad.
