Kalpana Morparia, 

The going has been tough for J.P. Morgan in India since 2008. Last year saw few big-ticket deals for Morparia, which is why she goes down on the rankings this year. However, a lot of her work this year had to do with laying the ground for better times ahead. Her bosses have lauded Morparia’s dialogue with the government to overcome regulatory hurdles in opening new branches. In fact, J.P. Morgan bucked the trend of foreign banks shutting shop in India by announcing that it would open three corporate banking branches. For her role in helping J.P. Morgan weather crises since 2008, Morparia was elevated from India CEO to CEO of South & South East Asia.