HONG KONG JPMorgan Chase & Co (JPM.N) has named Kaustubh Kulkarni as its head of India investment banking to replace Rohit Chatterji, who will become head of the bank's emerging Asia mergers and acquisitions business, according to an internal memo obtained by Reuters on Monday.
A JPMorgan spokeswoman confirmed the contents of the memo.
Chatterji is taking up a role vacated by Rob Sivitilli, who is set to leave the U.S. bank for personal reasons, Reuters reported on Sunday.
(Reporting by Lawrence White; Editing by Kenneth Maxwell)
India investigates damage caused by French submarine data leak
SYDNEY/NEW DELHI India is investigating the extent to which secrets about French Scorpene submarines being built in the country have been compromised, its defence ministry said on Wednesday, after a leak of documents relating to its combat capabilities.
Samsung, Tencent surge in race to become Asia's most valuable firm
SINGAPORE Tencent Holdings Ltd and Samsung Electronics Co Ltd are racing to be crowned Asia's most valuable company as expectations for robust earnings growth push their share prices to record highs.
World stocks ease, dollar holds ground as U.S. rate bets abound
LONDON Stocks slipped on Wednesday while the dollar continued to claw back last week's losses as investors grappled with the prospect of a U.S. interest rate increase in the months ahead coming amid continued uncertainty about the strength of the global economy.