JPMORGAN CHASE & CO.

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JPMorgan Hires Two Bankers for Asia-Pacific Equity Capital Markets

06/14/2022 | 04:17am EDT

By Dave Sebastian


JPMorgan Chase & Co. is adding two bankers to its Asia-Pacific equity capital markets team, including one whom it is hiring from Credit Suisse Group AG, according to an internal memo reviewed by The Wall Street Journal.

Sunil Dhupelia, who was Credit Suisse's co-head of equity capital markets and head of Asia-Pacific equity syndicate, will become JPMorgan's co-head of equity capital markets for Asia excluding Japan starting mid-September, according to the memo. Mr. Dhupelia's hiring was earlier reported by Bloomberg News.

Gautam Sareen, who most recently worked for Hong Kong-based conglomerate Nan Fung Group's family office, will lead the investment bank's Asia-Pacific alternative equity financing business, the memo said.

Mr. Dhupelia will be based in Hong Kong, and Mr. Sareen will initially be based in Hong Kong before relocating to Singapore, subject to local approval, according to the memo.

The memo was confirmed by a JPMorgan spokesperson.

Before working at Credit Suisse, Mr. Dhupelia was at UBS Group AG, where he ran the bank's equity syndicate for Asia. Mr. Sareen is rejoining JPMorgan after previously working there from 1999 to 2008.

Equity capital markets globally have been hit by market volatility brought on by surging inflation, rising interest rates, Russia's invasion of Ukraine and uncertainty over the trajectory of the Covid-19 pandemic. Initial public offerings in Asia excluding Japan have raised $50.98 billion so far this year, down from $75.58 billion in the same period in 2021, according to Dealogic.


Write to Dave Sebastian at dave.sebastian@wsj.com


(END) Dow Jones Newswires

06-14-22 0617ET

Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG 0.81% 5.25 Delayed Quote.-41.30%
JPMORGAN CHASE & CO. -1.51% 120.75 Delayed Quote.-22.58%
MSCI SINGAPORE (GDTR) -0.66% 5698.44 Real-time Quote.-9.23%
UBS GROUP AG 1.07% 16.075 Delayed Quote.-3.14%
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Financials (USD)
Sales 2022 127 B - -
Net income 2022 32 801 M - -
Net Debt 2022 - - -
P/E ratio 2022 11,0x
Yield 2022 3,29%
Capitalization 360 B 360 B -
Capi. / Sales 2022 2,84x
Capi. / Sales 2023 2,62x
Nbr of Employees 278 494
Free-Float 70,8%
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Last Close Price 122,59 $
Average target price 137,88 $
Spread / Average Target 12,5%
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James Dimon Director
Daniel E. Pinto President & Chief Operating Officer
Jeremy Barnum Chief Financial Officer & Executive VP
Lori A. Beer Global Chief Information Officer
Rohan Amin Chief Information Security Officer
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