J.P. Morgan's Mahrotri promoted to global role

In yet another instance of how Asia-based talent is being charged with the mandate of managing a global business, J.P. Morgan has promoted its head of fixed income for emerging Asia markets, Tarun Mahrotri, to a global co-head role.

Mahrotri's promotion follows a reorganisation by J.P. Morgan of its global fixed-income business. Hong Kong-based Mahrotri will now co-head fixed income for global emerging markets together with London-based Mike Stewart, who also heads fixed income in Central and Eastern Europe, Middle East and Africa. Mahrotri and Stewart will remain in their current locations and report to Daniel Pinto in London and Matt Zames in New York, who co-head global fixed income.

"Tarun's appointment is further evidence of J.P. Morgan's commitment to emerging markets and especially Asia," said a source in the know of the development. Since Mahrotri joined J.P. Morgan from HSBC in 2006 he has been aggressively growing the business he heads.