Morparia to head JP Morgan India ops

Written by Banking Bureau | Mumbai, Aug 28 | Updated: Aug 29 2008, 05:55am hrs
JP Morgan Asia Pacific on Thursday announced the appointment of Kalpana Morparia as chief executive officer of the firms Indian operations.

Morparia, who was vice chair of ICICI Groups insurance, asset management and securities business, after retiring from the bank, leaves ICICI after 33 years of service. She was also chief strategy and communications officer of the bank.

JP Morgan has established a strong and highly respected franchise in India which will support plans to expand all three lines of business-- investment nanking, asset wealth management and treasury and securities services, said Morparia in a statement.

Morparia offers JP Morgan a tremendous opportunity to accelerate the progress weve made in building our Indian franchise. Her appointment is also further evidence of the importance which JP Morgan places on India as a priority within the firms global growth strategy, said Gaby Abdelnour, chairman and chief executive of JP Morgan Asia Pacific.

Morparias role will include membership of JP Morgans Asia Pacific executive committee and involvement in the development of several global initiatives being led out of the firms New York office.