Home / Business and Economy / Jio Taps Deutsche Bank Exec for Global Growth
Jio Taps Deutsche Bank Exec for Global Growth
3 Mar
Summary
- Dan Bailey appointed President to lead Jio's international expansion.
- Bailey previously chaired Deutsche Bank's TMT practice.
- Jio aims to replicate its Indian success in global markets.
Jio Platforms announced the appointment of Dan Bailey as its new President, signaling a significant push into international markets. Based in London, Bailey will direct the company's global business initiatives, reporting directly to Akash Ambani, chairman of Reliance Jio Infocomm Limited.
Bailey joins Jio with an extensive background spanning over 35 years in consulting and investment banking, including senior roles at Schroders/Citi, Morgan Stanley, and HSBC. Most recently, he led Deutsche Bank's TMT practice, advising on numerous telecom and technology transactions.
This strategic hire comes as Jio seeks to leverage its decade-long success in India, where it has connected over a billion users. The company intends to introduce its digital platforms and technologies to global markets, building on its established scale and connectivity.
Akash Ambani expressed delight in welcoming Bailey, noting his long-standing advisory role and invaluable counsel. He highlighted Bailey's deep industry insights, relationships, and shared ambition for Jio's future growth. Bailey also expressed enthusiasm for the opportunity to help scale Jio's story globally.
