JPMorgan Appoints Madhav Kalyan as Head of Payments for Asia Pacific


JPMorgan Chase & Co. named Madhav Kalyan head of payments for Asia Pacific as part of a shake-up of its top executives in the region.

Kalyan succeeds Sridhar Kanthadai, who will become co-head of global payment rails and payment VAS, according to a memo seen by Bloomberg News. Kalyan joined the US bank in 2009 as head of corporate banking for India and was appointed senior country manager for the South Asian country in 2021.

Kaustubh Kulkarni will take over as India’s senior country official at JPMorgan, effective November 1, the memo shows. He will continue in his role as Vice President of Asia Pacific. As a result, Vineet Mishra will become the only head of investment banking in Southeast Asia.

Navin Wadhwani has joined JPMorgan as head of investment banking for India, according to the memo. Wadhwani left Reliance Industries Ltd. earlier this year after overseeing its merger and acquisition activities for more than 10 years. He also had a stint at Rothschild & Co. Separately, PD Singh will expand his role as head of corporate banking for India and act as interim CEO of JPMorgan Chase Bank in the country, subject to regulatory approval.

A JPMorgan representative confirmed the contents of the memo.

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