JPMorgan Names Madhav Kalyan Head of Asia Pacific Payments

JPMorgan Chase & Co. has named Madhav Kalyan head of Asia Pacific Payments, succeeding Sridhar Kanthadai, who is moving into the role of co-head of Global Payment Rails and Payment VAS.

Kalyan’s move is effective Nov. 1 and Kanthadai will help with the transition of responsibilities, JPMorgan Chase & Co. said in a statement emailed to PYMNTS. Kalyan’s background includes 28 years in the banking and financial services industry, according to the statement.

“Madhav’s appointment to this important role is another great example of internal mobility and the strength of talent we have at the firm,” the company statement said. “He joined J.P. Morgan in 2009 as head of Corporate Banking for India and CEO of JPMorgan Chase Bank, India, before becoming senior country officer (SCO) for India at the beginning of 2021.”

The Asia Pacific region saw digitization speed up during the pandemic to a relatively greater degree than other parts of the word, Kanthadai told PYMNTS’ Karen Webster in a November 2020 interview.

Read more: J.P. Morgan: Treasury Innovations Accelerate Digital Transformation

Seventy percent of firms in the Asia Pacific region accelerated their own “digital journeys” and transformations at that time — a rate higher than that recorded at the time among firms in Europe, the Middle East and Africa (EMEA) and Latin America — Kanthadai said, citing figures from a survey of treasury professionals published in a white paper by Eurofinance and J.P. Morgan.

“We have a number of solutions across markets, such as India, Southeast Asia and China, where cross-border payments have been brought down to effectively automated interactions that do two things: removing the need for paper as well as the ability to connect to customs and regulatory databases, both in a fully compliant manner,” Kanthadai told PYMNTS in the interview.