Mumbai, Aug. 11 -- Goldman Sachs has appointed former JPMorgan executive Chandresh Chheda as managing director and co-head of India investment banking, according to an internal memo seen by Mint.

He will be based in Mumbai and work alongside Dev Nambakam and the leadership teams in India and Asia Pacific as the firm continues to grow its franchise across the region. The contents of the memo were confirmed by a Goldman Sachs spokesperson.

His appointment comes a few weeks after Sudarshan Ramakrishnan left as co-head of investment banking in India, following a nearly 22-year stint at the company.

With more than two decades of experience in investment banking, Chheda last worked as the managing director responsible for coverage of the new...