Clifford Capital names JPMorgan’s Murlidhar Maiya as new group CEO

TEMASEK-BACKED Clifford Capital has named Murlidhar Maiya as its new group chief executive officer and executive director, it said on Wednesday (Jun 21).

Maiya, who was with JPMorgan for more than 25 years, was most recently the bank’s Asia-Pacific head of equity capital markets (ECM). He was previously the CEO for its South and South-east Asia businesses.

Clifford Capital, which provides debt financing solutions, said Maiya will succeed its outgoing CEO Clive Kerner at the end of the third quarter. Kerner, who is Clifford Capital’s founding CEO, will stay on in a senior advisory role until his retirement at the end of the year.

Last week, Reuters reported Maiya’s departure from JPMorgan, citing an internal memo. The bank will create a new ECM division overseeing its business for the Asia-Pacific and Europe, the Middle East and Africa (EMEA) regions.

The new division will be headed by Aloke Gupte and Alex Watkins, who head the ECM franchise in EMEA.