JPMorgan hires analysts from Citi, Kotak

Mumbai, May 30 | Updated: May 31 2007, 05:30am hrs
JPMorgan has hired equity analysts from Citigroup, Kotak Securities and Stratcap Securities to expand operations in India, the latest in a series of moves in the countrys financial sector where salaries have soared.

The hirings include Shilpa Krishnan from Kotak Securities, who will head coverage of infrastructure, utilities and capital goods sector, JPMorgan said in a statement.

Pradeep Mirchandani from Citigroup Global Markets will cover energy and chemicals sector, while Puneet Gulati from Stratcap Securities joins JPMorgans financials team.

JPMorgan is significantly expanding its India equity operations with additional hires in its India research team, the US investment bank said.