Indian talent has been at the forefront of Singapore’s finance sector for the past 20 years. Banks in Singapore have turned to the subcontinent to plug skill shortages in technology and to help expand their Indian coverage desks in private banking, for example.
But it’s not just in wealth and tech where Indians are playing leading roles in Singaporean financial services. We looked through online public profiles to find senior Singapore-based investment bankers and traders who started their careers in India. Here’s a selection.
Chatterji started out in 1993 as an account manager covering media and telecoms for ICICI Securities in India. He now describes himself online as a “lifer with J.P. Morgan so far”. This is no exaggeration. He first joined the bank 20 years ago in Singapore and (aside from a four-year stint in Mumbai) he has moved between Singapore and Hong Kong in various senior roles ever since. Chatterji made MD in 2006 and became head of South and South East Asia M&A and corporate finance. He's since been promoted and is currently head of banking for South East Asia and co-head of M&A for Asia Pacific.
Engineering graduate Jain started his career in 2003 as a software engineer at Indian consultancy giant Infosys. He got his first banking job – as an FX options trader at J.P. Morgan – only in 2008, after completing a diploma in finance. Jain worked in Credit Suisse’s FX team in Singapore from 2010 to 2016, before moving to Hong Kong for a senior management role: head of emerging markets options for Asia at Societe Generale. He joined Barclays in July this year.
Bakshi shifted to Singapore with Deutsche Bank in 2002 after receiving her MBA from the Indian Institute of Management (Bangalore). She then rose rapidly up the ranks at the German firm, becoming a director in 2006 and holding several senior roles in both Singapore and Hong Kong, including head of North Asia rates structuring, head of Asia commodities asset structuring, and head of third party sales coverage for South Asia. In 2015, Bakshi joined Standard Chartered in Singapore as a managing director and head of private side structuring.
Standard Chartered aside, foreign banks don’t base many international heads in Singapore. Navalakha is an exception – since May last year he’s been leading FX and PM options at ANZ globally. Thirteen years ago, however, Navalakha wasn’t even working in the banking sector. Armed with an engineering degree, he began his career as a senior applications engineer at Oracle. From 2006 to 2016 Navalakha was ensconced at Barclays, latterly as FX options head for Asia.
Jasani is a leading Asian equities specialist and is currently the Singapore-based head of Asia research at Jefferies, a firm he joined in 2010 when he started a 15-month stint as local CEO. Before that Jasani was at Credit Suisse as research head in Taipei and then India, according to his profile. He spent his early career as an Asian strategist at HSBC and Credit Lyonnais Securities.
Mathur’s first job was at ICICI in 2000 and he then did a five-year stint as an FX and fixed income strategist at J.P. Morgan. In 2006 the American bank relocated him to Singapore in a similar role, and his career soon took off in the city state. Mathur joined UBS in 2009 and became head of emerging markets Asia rates and FX strategy, according to his profile. He's held his current job at Citi since 2013.
As we reported at the time, Gupta joined SMBC in May this year from Standard Chartered, where he had a been a director-level TMT banker. He landed his regional head-of role just years after starting his banking career. Gupta joined Stan Chart in Singapore in October 2012 and covered TMT across Southeast Asia. Before that he spent four years at J.P. Morgan, first as an equity research analyst in Hong Kong, and then as a lead analyst in Singapore.
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