JPMorgan India Bank CEO Prabdev Singh to resign before end of term: report

JPMorgan (Photo: Bloomberg)

By Saikat Das

Prabdev Singh, CEO of JPMorgan Chase & Co. in India, resigned before the end of his term of office.

Pranav Chawda, head of commercial banking for India, will expand his current responsibilities to head of India corporate banking and can confirm that PD Singh is leaving the company, a JPMorgan representative said by email in response to questions from Bloomberg News.

Singh, popularly known as PD, had received regulatory approval in January 2023 for a three-year term as CEO of JPMorgan Chase Bank India. He had replaced Madhav Kalyan who – in October 2022 – was appointed head of payments for Asia Pacific.

The Wall Street firm, which traces its presence in India back to 1922, started commercial banking operations in the country about seventeen years ago. JPMorgan has four commercial bank branches in the country, according to data on its website. It has four branches, including in Delhi and Mumbai.

Singh, an engineer, had worked at HSBC Holdings Plc for 10 years before joining JPMorgan in 2010, according to his LinkedIn profile.

First print: June 25, 2024 | 12:46 pm IST