JPMorgan Chase has appointed Sri Kosaraju as the new global chair of investment banking, focusing on the healthcare sector to support clients worldwide.
JPMorgan Chase & Co., a leading global financial services firm, has announced the rehiring of Indian American healthcare executive Sri Kosaraju as the global chair of investment banking. In this pivotal role, Kosaraju will be based in San Francisco and will provide strategic advice to healthcare firms while collaborating with teams across the globe.
Filippo Gori and John Simmons, co-heads of global banking, expressed their enthusiasm for Kosaraju’s return. Simmons welcomed him on LinkedIn, stating, “Welcome back to J.P. Morgan, Sri Kosaraju. We’re thrilled you’ll be joining us as a Global Chair of Investment Banking, focused on the Healthcare sector.”
Simmons highlighted Kosaraju’s extensive experience, which spans over 25 years in healthcare and technology, including roles in banking, as a CEO, and on various boards. He noted that Kosaraju’s background will be a significant asset as the bank strengthens its commitment to the healthcare sector, which is both critical and innovative.
“Having started his career at J.P. Morgan, Sri played a key role in building our healthcare franchise throughout the 16 years he worked here. I look forward to the impact he’ll have supporting our clients and teams around the world,” Simmons added.
In response to his appointment, Kosaraju expressed his excitement on LinkedIn, stating, “Excited to be returning to J.P. Morgan as Global Chair of Investment Banking. I’m looking forward to working with the incredible @J.P. Morgan team on a world-class platform to advise our healthcare clients as they grow and innovate across this dynamic sector.”
Before this role, Kosaraju served as the chief executive officer of Inscripta, a biomanufacturing company that recently merged with another firm. His previous 16 years at JPMorgan were instrumental in building the bank’s healthcare franchise, showcasing his deep understanding of the industry.
Kosaraju’s appointment comes on the heels of JPMorgan’s recent hiring of Jerry Lee as global chair of investment banking, also with a focus on healthcare. This move reflects the bank’s strategy to attract senior talent to enhance its global banking franchise.
Kosaraju holds a Bachelor of Science degree in Mechanical Engineering from the Massachusetts Institute of Technology (MIT), further underscoring his strong educational background in a field that intersects with healthcare innovation.
As JPMorgan continues to expand its influence in the healthcare sector, Kosaraju’s expertise is expected to play a crucial role in advising clients and driving growth in this vital industry.
According to The American Bazaar, Kosaraju’s return to JPMorgan marks a significant step in the bank’s ongoing commitment to enhancing its investment banking capabilities within the healthcare sector.