The inspirational woman that we are going to talk in this article is Kalpana Morparia, who is the Former CEO, South and South East Asia of J.P.Morgan. She also serves as an Independent Director of several Indian Companies.
Ms.Morparia, obtained her Bachelor’s Degree in Chemistry from Sophia College in 1970. She started her career as a school teacher and later on completed her law degree from Bombay University. After completing her law degree, she joined the firm of Matubhai Jamiyatran & Madon in 1974.
As a lawyer she spent her first 33 years of career in Industrial Credit and Investment Corporation of India (ICICI), which merged into ICICI Bank, and was identified by the bank’s former MD and CEO to take over the treasury operations in 1996.Ms. Morparia joined ICICI Bank as a senior legal officer in 1975. From 1975 to 2007, she rose steadily to become to Vice Chairperson.Since then, she never looked back and was among (K V) Kamath’s A-team and was leading from the front till her retirement, said a Mumbai banker.
In 2007, she joined J P Morgan, India as Chief Executive Officer. She led each of the firm’s lines of business – Investment Banking, Asset Management, Treasury Services and Principal Investment Management. She was also responsibe for Service Groups operating in India, including Global Research, Finance, Technology and Operations. Internationally, Kalpana is a member of J.P. Morgan’s global strategy team headquartered in New York and the J.P. Morgan Asia Pacific Executive Committee. Kalpana Morparia serves as an Independent Director on the Boards of several leading Indian companies.
She is an Independent Director, at Dr. Reddy’s Laboratories Limited at CMC Limited. and at Philip Morris International, Inc. She looks after the philanthropic work of Bharti Foundation of Airtel.
In 2004, Kalpana Morparia was named one of ‘The 25 most powerful women in Indian business’ by Business Today. She was named among the ‘The 100 Most Powerful Women’ by Forbes Magazine in 2006. Kalpana Morparia was found among ‘The 50 Most Powerful Women in International Business’ by Fortune magazine in 2008.
Under her leadership, J.P. Morgan’s India business registered strong growth last year, especially on the digital front with the launch of its application-based service, Virtual Branch, in India. Profit from its India business grew 10% to ₹1,043 crore in FY18. The bank was the lead financial advisor to Walmart for its Flipkart buy, the biggest deal in the retail space in India so far.
Reference:
https://www.business-standard.com/article/companies/leo-puri-to-replace-kalpana-morparia-as-jp-morgan-chief-for-south-se-asia-120052701107_1.html
https://www.fortuneindia.com/mpw/kalpana-morparia?year=2018
Image Source: Business Standard
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