The multinational investment bank and financial services holding company headquartered in New York City has named Kalyan Madhav as the new head of payments for the Asia Pacific. 

Kaustubh Kulkarni has been appointed as Kalyan's successor, who previously headed India operations. Kulkarni will be the new senior country officer in India. He will also continue in his role as Vice Chair of Asia Pacific.

According to the Bloomberg report, Kalyan has succeeded Sridhar Kanthadai, who will be moving into his new role as co-head of Global Payment Rails and Payment VAS, which was announced last month.

In another reshuffle and recruitment by JP Morgan, Kaustubh Kulkarni has been promoted to Senior Country Officer (SCO) for India. Kulkarni’s appointment to the post would be effective from November 1. 

The investment bank and financial services holding company has tapped Navin Wadhwani of Reliance Industries (RIL). Wadhwani will be the new i–banking chief. He headed merger and acquisition at RIL for the last 10 years. 

Navin worked with Rothschild India as managing director from 2002 to 2011.

Additionally, PD Singh is expected to be appointed as interim CEO of JPMorgan Chase Bank, India, effective November 1, subject to regulatory approval.

Image credit: The Economy Times