J.P. Morgan has strengthened its financial institutions group (FIG) by appointing Charles-Everard de T'Serclaes as head of Southeast Asia and Chetan Singh as head of India.
de T'Serclaes has been with J.P. Morgan for 12 years and is currently head of insurance for Asia ex-Japan. He will now lead the FIG business in Singapore, Thailand, Malaysia, Indonesia, Philippines and Vietnam, while also retaining his insurance portfolio. de T’Serclaes has spent the past seven years in Asia working on a series of landmark transactions across countries spanning banking, insurance and asset management. He is currently based in Hong Kong and will continue to be stationed there although he is expected to spend more time in the countries that make up his FIG remit.
The appointment fills a slot which has been vacant for a few months. de T’Serclaes replaces Murlidhar Maiya, who moved to Hong Kong recently to head debt capital markets (DCM) for emerging Asia. J.P. Morgan’s earlier head of DCM, Rohit Chatterji, was transferred to Mumbai to become head of investment banking for India.
Singh joins J.P. Morgan from Citi's European FIG investment banking team in London where he spent 10 years covering insurance, banks and specialty finance companies. He will lead J.P. Morgan's FIG practice in India where the financial services sector is experiencing accelerated growth. Singh will also be a senior M&A banker partnering with the broader investment banking team in India. He will join J.P. Morgan in November and will be based in Mumbai.
"The acceleration in capital raising requirements across the region, which has spawned the expansion of large cap financial institutions and the emergence of regional champions, have greatly extended our scope for growth," Olivier de Grivel, head of Asia-Pacific FIG at J.P. Morgan, said in a written statement. He also noted that the appointments will strengthen J.P. Morgan’s capabilities at a time when M&A and capital markets activity in the FIG sector is intensifying.