Mumbai, September 6, 2011 - JPMorgan Chase today announced the appointment of Mr. Deepak Mangla as Chief Executive Officer, India Global Service Center. The Global Service Center (GSC) is one of a number of such facilities operated by J.P. Morgan around the world to take advantage of deep, highly educated talent pools to support the firm's businesses all around the world. The India GSC was established in 2002 and today consists of several facilities in Mumbai, Bangalore and Hyderabad.
In this new role, Deepak will provide strategic direction and leadership across Technology, Operations, Finance and other support functions to ensure the GSC continues to support the rapid growth of JPMorgan Chase's businesses globally. Deepak will also be a member of the local Management Committee in India.
"The success of the India Global Service Center over the past several years has been an incredible story. Deepak's breadth of knowledge and insights in the Business Process Outsourcing and service industries, acquired during two decades of leadership experience, will increase our capability to continue building centers of excellence in India." said Kalpana Morparia, Chief Executive Officer, JPMorgan Chase, India.
"Deepak's appointment marks a significant milestone in the ongoing build-out of the India GSC in terms of stronger local coordination, creation of more opportunity for continuous improvement in operating efficiency and service to our customers, which will allow us to accelerate our growth plans in the country." said Paul Compton, Chief Administrative Officer, Investment Bank, JPMorgan Chase.
Deepak joins from HSBC where he was Managing Director and Head of the GSC Operations in India, responsible for leading operations across various verticals with multiple city operations servicing more than 50 countries. He has previously worked at technology consulting and BPO service providers. Mr Mangla commences with JPMorgan Chase in early October.
# # #
About J.P. Morgan
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.