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Amit Verma appointed as executive director at JPMorganChase
MUMBAI: Amit Verma has taken the next decisive step in his global finance journey, joining JPMorganChase as an executive director from January 2026.
Sharing the update, Verma said he was delighted to begin the new role at the world’s largest bank, marking a fresh chapter in a career that blends technology, product thinking and leadership across continents.
Verma arrives at JPMorganChase after nearly eight years at Mastercard, where he played a key role in shaping digital payment products across Asia Pacific. Most recently, he served as director of product management, driving large-scale product strategy, go-to-market launches and cross-functional collaboration in a fast-evolving fintech landscape.
His Mastercard tenure saw him grow from product manager to regional leadership roles, steering gateway products and managing teams across markets. Known for combining design thinking with commercial rigour, Verma built a reputation for turning complex ideas into scalable, customer-ready solutions.
Before Mastercard, Verma’s career spanned global technology firms including Gemalto, STMicroelectronics, Samsung Electronics, Adobe and Hughes Systique Corporation. Starting out as a trainee engineer, he steadily climbed the ladder through software engineering, technical leadership and product management, gaining hands-on experience across hardware, software and digital platforms.
With two decades of experience behind him and a new leadership role ahead, Verma’s move to JPMorganChase signals not just a job change, but a full-circle moment from engineering roots to executive responsibility at the heart of global finance.
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Trump announces $300bn Texas oil refinery with Reliance, calls it the biggest in US history
First new US refinery in 50 years planned at Brownsville port with Reliance
WASHINGTON: The United States may soon see the first brand-new oil refinery built on its soil in half a century.
Donald Trump announced a proposed $300 billion refinery project in Texas, calling it a landmark moment for American energy production and jobs.
Posting on Truth Social on 10 March, Trump said the facility would be built at the Port of Brownsville and developed by a company called America First Refining, with major investment from India’s Reliance Industries.
The announcement frames the project as a centrepiece of the administration’s push for “energy dominance”, with Trump claiming it would deliver thousands of jobs and billions of dollars in economic activity to South Texas.
If realised, the plant would mark the first all-new major refinery constructed in the United States since the 1970s. In recent decades, oil companies have largely chosen to expand existing facilities rather than build new ones, citing high costs, regulatory hurdles and environmental scrutiny.
Trump described the proposed investment as the “biggest in US history”, positioning it as proof that policy changes such as streamlined permits and lower taxes are drawing large-scale energy investments back into the country.
The refinery is planned for the Port of Brownsville, a strategic Gulf Coast location that provides easy access to shipping routes and export markets.
A key partner in the project is Reliance Industries, controlled by billionaire industrialist Mukesh Ambani. The company already runs the world’s largest refining complex in Jamnagar, India, making it one of the most experienced operators in large-scale petroleum processing.
The Texas venture would mark a significant step for the group into America’s domestic refining sector, potentially strengthening industrial ties between the US and India.
The proposed refinery is being promoted as a next-generation facility capable of processing American shale oil while maintaining high environmental standards. Trump said it would be “the cleanest refinery in the world”, although the specific technologies behind that claim have not yet been detailed.
Industry observers also note that the $300 billion figure is unusually large for a refinery project, and analysts are waiting for more clarity on whether the number reflects total construction costs, long-term infrastructure investment, or broader economic impact estimates.
As of 11 March, Reliance Industries had not publicly confirmed the investment size or the structure of its involvement.
For now, the announcement has sparked equal parts excitement and curiosity in energy markets. If the plan moves from promise to pouring concrete, the refinery could reshape the Gulf Coast energy landscape, and reopen a chapter in American refining that has been quiet for nearly fifty years.
