Bank of America Taps JPMorgan Banker to Helm India Equity Markets Business
Bank of America Corp. has picked Satish Arcot, a JPMorgan Chase & Co. banker, to head its capital markets business in India as it rebuilds the domestic investment banking team, according to people familiar with the matter.
Arcot, a two-decade financial services veteran, will join the bank toward the end of the year as a Mumbai-based managing director, the people said, asking not to be named as the information is private. Earlier this year, the US lender appointed Vikram Sahu, global head of equity research, as its India country head, and in April elevated Mandar Donde, a BofA veteran, to lead its investment banking operations in the South Asian nation.
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