JPMorgan's Chatterji said to lead Asia M&A as Sivitilli leaves

JPMorgan Chase & Co promoted have Rohit Chatterji to lead mergers and acquisitions (M&A) for Asia outside Japan as Rob Sivitilli resigned from the job after 18 years at the biggest US bank, said a person with knowledge of the move.

Sivitilli, 41, is quitting for family reasons and will leave in July, said the person, who asked not to be identified because the matter is private. Chatterji had been co-head of global banking in India and oversaw investment banking in that country.

JPMorgan had forecast a 30 per cent increase in the value of mergers and acquisitions in Asia for 2014. Sivitilli said in a November interview that energy companies, financial firms and Asian buyers expanding in the US and Europe would drive the surge. So far this year, pending and completed deals in the Asia-Pacific region totaled $267.6 billion, a 39 per cent increase from the same period in 2013, according to data compiled by Bloomberg.
 

Sivitilli, a native of Canada, was the head of corporate finance and mergers advisory for Southeast Asia when he was appointed to his latest post in September 2012. Chatterji was moved to India from Hong Kong in 2010 and replaced Vedika Bhandarkar, who left in April 2010 to join Credit Suisse as head of India investment banking.