J.P. Morgan names new head of DCM for emerging Asia

J.P. Morgan has named Murlidhar Maiya as its new head of debt capital markets (DCM) for emerging Asia to replace Rohit Chatterji who is moving to Mumbai to become head of investment banking for India at J.P. Morgan.

Chatterji's move, which was reported by FinanceAsia on May 7, was prompted by the recent resignation of Vedika Bhandarkar and continues a tradition of filling key positions within the bank through internal transfers and promotions.

Maiya, who is a managing director, currently manages the financial institutions group (FIG) for Asia ex-Japan and ex-China. He will relocate from Singapore to Hong Kong to take up his new position and will report to Todd Marin, head of Asia investment banking, and to Tarun Mahrotri, who a couple of months ago was promoted to co-head of global emerging markets for fixed income.

According to an internal announcement, Maiya will draw on his corporate finance skills, his relationships with coverage bankers in different geographies and industries, and his client contacts to expand the bank's DCM platform. Together with the broader DCM team, he will work closely with the global emerging markets business in the region to develop broader capital and financing solutions for clients.

Maiya has been with J.P. Morgan for 16 years. He joined in India and since then has had numerous roles, including a short period in client coverage and an extended assignment in Hong Kong where he worked in both industry coverage and M&A. Over the past six years, he has worked to grow the bank's financial institutions practice with a lot of focus on balance sheets and financing. 

Last year he led a J.P. Morgan team advising ING on the sale of its private banking business in Asia and Switzerland to Singapore's OCBC and to Julius Bear, respectively.

Maiya's "diverse experience and broad product knowledge equip him to lead DCM at a time when this business is expanding in importance across the region", said the announcement from Marin, Mahrotri and Asia-Pacific FIG head Olivier de Grivel.

A source at the bank added that while J.P. Morgan has a well-recognised debt distribution platform, the origination side is critical in driving its business to the next level. And having a seasoned banker take the lead in this effort fits well into its existing platform.