JP Morgan Chase & Co. Managing Director and Head of Legal, Jigar Shah will be moving to KKR. He would be joining KKR in Mumbai as Head of Legal and Compliance, according to authoritative sources.
It is understood that Shah would be leaving JP Morgan end of next month to join KKR. This is KKR’s first functional hire in India.
Globally KKR has 14 people in the Legal/Compliance department in its team of approximately 1,250 employees.
We reached out to Jigar Shah for comment but he declined to comment.
Executive Director and Assistant General Counsel Yash Yadav has already been appointed as Head of Legal at JP Morgan and he would be replacing Jigar Shah.
Shah has been among the most influential lawyers in the development of India’s financial services market. He was a member of a committee at the RBI, that advised on the credit derivatives to the Indian market in 2011 and has since led an industry-wide push for regulatory reform in India’s clearing-house rules for off-exchange trading, according to Legal500.
Last year, Shah had won Legal League Consulting – Catalyst for Growth Award.
Jigar Shah joined JP Morgan in 2013 from Deutsche Bank, where he was Head of Corporate Banking & Securities, Legal. He was working with Deutsche Bank since 2002 and has worked at both London and Hong Kong offices before moving to Mumbai in 2009.
He also holds an LL.B. from the University of Leicester.
This news was first published by Legally India.