JP Morgan Private Bank appoints new India offshore Managing Director and Executive Directors

“As we continue our India offshore build out, we are pleased to have Kirit, Nisar and Deepak join our team. The India market is a top growth priority for us and the Middle East region is an important component of our global offshore India strategy. Based in Dubai, Kirit and Nisar will focus on the Non Resident Indian (NRI) market in the Middle East region. Singapore is another important growth market and Deepak will deliver the firm’s investing, wealth transfer, credit and philanthropic services to the ultra high net worth NRI clients in the region.” Said Rahul Malhotra, Head of South Asia of J.P. Morgan Private Bank.

Kirit Chauhan has joined J.P. Morgan Private Bank as Managing Director, Banker of India Offshore Team based in Dubai. He was mostly recently with Standard Chartered Bank for 20 years.  In his last assignment, he headed Origination and Client Coverage for Wholesale Bank in Qatar where he was responsible for building the Bank’s franchise.  Prior to that, he was managing the Local Corporate Business in the UAE and was also responsible for setting up and running Standard Chartered Bank’s Precious Metal business.  He reports to Rahul Malhotra, Head of South Asia of J.P. Morgan Private Bank.

Nisar Sindhi has joined J.P. Morgan Private Bank as Executive Director, Banker of India Offshore Team based in Dubai. Prior to joining J.P. Morgan, he spent almost 10 years with Citibank’s Wealth Management Division in Dubai, where he was managing the ultra high net worth and high net worth business with his team of senior bankers. Prior to that, he was in a similar role with ABN AMRO Private Bank. He has been in the Wealth Management Business for 19 years, of which 13 years were in Dubai.  Before moving to Dubai, he was involved in the Investment Banking and Equities Trading Business in Mumbai.  He reports to Rahul Malhotra, Head of South Asia of J.P. Morgan Private Bank.

Deepak Saluja has joined J.P. Morgan Private Bank as Executive Director, Banker of India Offshore Team based in Singapore. He was most recently with the Wealth Management Group of Credit Suisse India, where he was part of the founding and senior-leadership team. He has had a long stint in Corporate Banking, and was Director with the large local corporate group of Standard Chartered Bank before joining the senior relationship team of Citigroup Private Bank. He reports to Rahul Malhotra, Head of South Asia of J.P. Morgan Private Bank.  

All of them joined J.P. Morgan Private Bank on Monday, July 11.

Quote from Rahul Malhotra, Head of South Asia of J.P. Morgan Private Bank: “As we continue our India offshore build out, we are pleased to have Kirit, Nisar and Deepak join our team. The India market is a top growth priority for us and the Middle East region is an important component of our global offshore India strategy. Based in Dubai, Kirit and Nisar will focus on the Non Resident Indian (NRI) market in the Middle East region. Singapore is another important growth market and Deepak will deliver the firm’s investing, wealth transfer, credit and philanthropic services to the ultra high net worth NRI clients in the region.”