Prabdev Singh appointment as JP Morgan’s CEO gets RBI approval

The Reserve Bank of India (RBI) has approved a three-year term of Prabdev Singh as the Chief Executive Officer (CEO) of JP Morgan Chase & Co. in the country. JPMorgan has four commercial bank branches in the country.

Prabdev Singh had been JPMorgan’s interim CEO since November last year, replacing Madhav Kalyan who was named head of payments for Asia Pacific in October. Prior to joining JPMorgan in 2010, Prabdev Singh worked for a decade at HSBC Holdings Plc.

JP Morgan Chase CEO Jamie Dimon said, “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.”

Prabdev 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 will strengthen JP Morgan’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.