Mumbai, June 9: Rohit Chatterji, the head of investment banking in India at JPMorgan Chase, has been promoted as head of mergers & acquisitions — Asia at the investment banking outfit.
Chatterji’s appointment follows the resignation of Rob Sivitilli who quit for personal reasons.
It is learnt that Kaustubh Kulkarni has been named as the head of India investment banking by JPMorgan. This however, could not be confirmed.
Chatterji took over as the head of investment banking in India in 2010 following the resignation of Vedika Bandharkar who moved to Credit Suisse.
Prior to this promotion, he served as the head of M&A and corporate finance for Southeast Asia and also headed debt capital markets for the Asia-Pacific.
Chatterji is a gold medalist from the Indian Institute of Management in Ahmedabad and has been with JPMorgan for around 17 years.
He moved to JPMorgan from ICICI Securities where he served as an account manager and looked after portfolios that included telecom and media.
Chatterji has been credited with some of the large transactions done out of Southeast Asia and India. Moreover, JPMorgan made its presence felt in the investment banking league in the last calendar year.
According to Dealogic, JPMorgan jumped to the second slot in terms of fees earned by investment bankers during 2013 in a tough market that saw the value of M&A deals falling during the year.
On the equity capital markets front, a report from Thomson Reuters said Citibank topped the league table in 2013 by earning a fee of $4.3 million and a market share of 8.7 per cent, followed by JPMorgan with fees of $4 million and a market share of 8.2 per cent.
Its global investment banking review for 2013 added that the full year investment banking fees in India were at $525 million, a drop of 10 per cent.