The Dealmaker
JP Morgan is aggressively using technology and expanding its corporate client base in India.
- Mar 5, 2019,
- Updated Mar 8, 2019 6:26 PM IST
In India, JP Morgan has managed to stay a step ahead of its global competitors. It was the lead financial adviser to Walmart for its Flipkart buy, the biggest deal in Indian retail so far, even as profits from its India business grew 10 per cent in FY18. It advised on M&A transactions worth over $40 billion, finishing 2018 at the No.1 spot on the Bloomberg India M&A league table.
The banking system in India is going through many technological changes, and for JP Morgan, technology has been a great ally. The bank currently has more than 1,000 clients in India - a mix of multinationals coming into India, big domestic companies, global as well as domestic investors and financial institutions. Apart from branches in Mumbai, New Delhi, Bengaluru and Chennai, it also has virtual branches. "We understood that we need one comprehensive team within the organisation where the front office bankers, the transaction banking salespeople, the trade sales teams, the product team, operations and technologists come together to weave a seamless experience for our clients while simultaneously working with the regulators to ensure that we eventually move to a paperless system," says Kalpana Morparia, CEO, South and South East Asia, JP Morgan.
In India, JP Morgan has managed to stay a step ahead of its global competitors. It was the lead financial adviser to Walmart for its Flipkart buy, the biggest deal in Indian retail so far, even as profits from its India business grew 10 per cent in FY18. It advised on M&A transactions worth over $40 billion, finishing 2018 at the No.1 spot on the Bloomberg India M&A league table.
The banking system in India is going through many technological changes, and for JP Morgan, technology has been a great ally. The bank currently has more than 1,000 clients in India - a mix of multinationals coming into India, big domestic companies, global as well as domestic investors and financial institutions. Apart from branches in Mumbai, New Delhi, Bengaluru and Chennai, it also has virtual branches. "We understood that we need one comprehensive team within the organisation where the front office bankers, the transaction banking salespeople, the trade sales teams, the product team, operations and technologists come together to weave a seamless experience for our clients while simultaneously working with the regulators to ensure that we eventually move to a paperless system," says Kalpana Morparia, CEO, South and South East Asia, JP Morgan.