JPMorgan Chase’s Head of India Markets Gupta to Leave Bank

Piyush Gupta, JPMorgan (JPM) Chase & Co.’s head of fixed income and debt capital markets in India, is leaving the firm.

Gupta’s role will be divided among three people and Brijen Puri will take over as head of trading and the India dealing room, JPMorgan spokeswoman Pooja Agrawal said in an e-mail. Gupta, who joined JPMorgan in 2009 from Deutsche Bank AG (DBK), is leaving for personal reasons, said a person familiar, who declined to be identified because the matter is private.

Indian companies raised $2.4 billion in international bond sales this year, according to data compiled by Bloomberg. JPMorgan is ranked No. 7 in managing the transactions. HSBC Holdings Plc is ranked first, the data show.

Gupta, 42, worked with Deutsche Bank for 12 years in India and Singapore before joining JPMorgan. He has a master’s degree in business administration from the Indian Institute of Management in the western city of Ahmedabad.

To contact the reporter on this story: Ruth David in Mumbai at rdavid9@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net

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