Standard Chartered on Wednesday announced that its India and South Asia CEO Zarin Daruwala will retire on April 1, 2025, after serving more than eight years in the company. She had joined Standard Chartered in 2016 as Chief Executive Officer, India.
“Her leadership of the franchise has helped make India one of the largest markets for the Group, with a strategic emphasis on cross-border solutions in Corporate and Investment Banking (CIB) and wealth and affluent in Wealth and Retail Banking (WRB), with a strong risk and compliance culture,” the Bank said in a statement. Zarin Daruwala has had a banking career spanning more than 35 years.
The Group is yet to announce Zarin’s successor and has said that the announcement will be made in due course.
Sunil Kaushal, Co-Head of Corporate and Investment Banking and CEO, ASEAN and South Asia, said, “I would like to thank Zarin for her contribution to India and South Asia’s growth, on the ground and as part of our cross-border network,With her focus on execution and investments in technology, Zarin has overseen a remarkable turnaround of the India business. We wish her the very best in her future endeavours.”
Zarin Daruwala said, “I would like to thank Standard Chartered for giving me the opportunity to lead a brand that has a rich legacy and association with India and South Asia. If India today is amongst the top markets for Standard Chartered, the credit goes to the team and colleagues, and I am thankful for their unstinting support and collaboration.”
Standard Chartered Bank has a network of 100 branches across 43 cities in India. Its key business segments include Corporate and Investment Banking and Wealth and Retail Banking.