(24 October 2022 – India) JPMorgan has announced Madhav Kalyan as the new incoming Head of Asia Pacific (APAC) Payments, taking over from Sridhar Kanthadai who is transitioning into the role of co-head of Global Payment Rails and Payment VAS.
Kalyan’s move is effective 1 November and Kanthadai will support the transition of his responsibilities. Kalyan’s background includes 28 years in the banking and financial services industry. He joined JPMorgan in 2009 as head of Corporate Banking for India and CEO of JPMorgan Chase Bank, India, before becoming senior country officer (SCO) for India at the beginning of 2021.
Kandthadai will relocate to London while Kalyan also has plans to relocate from Mumbai however an exact location as not been confirmed.
“The APAC region saw digitization speed up during the pandemic to a relatively greater degree than other parts of the world” Kanthadai said in an earlier interview.
“Madhav’s appointment to this important role is another great example of internal mobility and the strength of talent we have at the firm. As SCO during the Covid-19 crisis in India, Madhav was instrumental in shaping the firm’s response to the pandemic. We look forward to further leveraging the extensive experience and knowledge Madhav has gained over the past 28 years in the banking and financial services industry as we grow our Payments business” a bank spokesperson said to CorporateTreasurer.