JPMorgan Names Rahul Badhwar as Senior Country Officer for India

JP Morgan Appoints Rahul Badhwar as Senior Country Officer for India

JP Morgan, a Wall Street bank, has appointed Rahul Badhwar as its senior country officer for India, effective July 2026. The role had been vacant since Kaustubh Kulkarni's departure in September 2025.

As senior country officer, Badhwar will play a key role in driving and executing JP Morgan's growth strategy across India. He will be responsible for ensuring the firm brings its full capabilities to clients and stakeholders, strengthening governance and controls, and supporting people and communities.

Badhwar joins JP Morgan from HSBC, where he spent three decades in various sales and trading roles, most recently as global head of corporate sales for markets and securities services. He brings a strong track record of delivering cross-product solutions for corporate and institutional clients and building high-performing teams.

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Badhwar will be based in Mumbai and report directly to Sjoerd Leenart, chief executive of Asia Pacific at JP Morgan. He will also join the Asia Pacific Management Committee.

JP Morgan has been expanding its presence in India, with a significant majority of its India headcount housed in its four global capability centres (GCCs), which employ approximately 55,000 people. The GCC sector in India is projected to grow from $64.6 billion in 2024 to $110 billion by 2030, according to a report by Nasscom in February 2025.