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J.P. Morgan poaches Merrill India team

A team of six senior-level employees from DSP Merrill Lynch skip to J.P. Morgan to bulk up the equities and derivatives business.

Six senior staff members from DSP Merrill Lynch have jumped ship to J.P. Morgan in India to build up the firm's equities and derivatives business.

The contingent from Merrill Lynch's India franchise, DSP Merrill Lynch, is led by Kaku Nakhate and increases J.P. Morgan's headcount in equities and derivatives in India to 28. Of the six hires, four join at the managing director level and two at the executive director level, confirming that J.P. Morgan is committed to building this business and willing to invest in talent that brings the requisite skills and experience.

A DSP veteran, Nakhate has been appointed vice chairperson of J.P. Morgan's India operations. She will lead cash equities, equity derivatives...

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