JP Morgan expands Asia financial institutions group

MUMBAI: Global financial services major, JP Morgan, today announced the appointment of Charles-Everard de T'Serclaes as Head of Financial Institutions Group (FIG) for south-east Asia.

The company also appointed Chetan Singh as Head of FIG for India.

The appointments reflect the firm's commitment to its FIG franchise in Asia where it has expanded rapidly in recent years, the company said in a press release here.

Charles-Everard de T'Serclaes, who has been with JP Morgan for 12 years, will lead the FIG business in Singapore, Thailand, Malaysia, Indonesia, the Philippines and Vietnam. He has spent the past seven-years in Asia and worked on a series of landmark transactions in diversified geographies and various sectors such as banking, insurance and asset management.

He will retain his responsibilities as Head of Insurance, Asia ex-Japan, the release said.

Singh joins the company from Citigroup's European FIG investment banking team based in London where he spent 10 years covering insurance, banks and speciality finance companies.

He will lead JP Morgan's FIG practise in India where the financial services sector is experiencing an accelerated growth.

Alongside his FIG responsibilities, Singh will also be a senior M&A banker partnering with the broader investment banking team in India. He will join the firm in November and be based in Mumbai, the release said.