Strutt and Garrett to leave Chase JP Morgan

Rahul Badhwar will start as senior country officer in July in Mumbai.

Bhavin Shukla will become managing director, head of infrastructure investment banking, Japan Asia North and Australia & Asia South, at the US bank.

Kulkarni is set to join Citi in December in Singapore to become co-head, Citi investment banking for Japan, Asia North, Australia, and Asia South, serving alongside Jan Metzger.

The bank has made a series of senior appointments across India and Southeast Asia, with Kaustubh Kulkarni taking on the role of India SCO.

Citi Commercial Bank in India has appointed Kannan as head of digital, technology, communication, business & professional services and industrials; he will join in December and has worked at JP Morgan for over 15 years.

Refinancing needs, fewer defaults, falling interest rates, sustainable bonds, and support from banks, are all fueling demand.