JM Financial poaches five from JPMorgan

The new recruits will help JM Financial to grow its institutional equity broking business in India.

JM Financial has poached five senior bankers from JPMorgan India to kick-start its equity broking business.

JPMorgan India has lost Sameer Lumba, head of distribution, and Rohit Shah, head of sales and trading. With them Lumba and Shah are taking Rajeev Gala, Manish Dabir and Rohinee Karmakar also from the sales and trading part of the business. The five are part of a 35-strong team at the US investment bank.

These new hires along with the joint venture...

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