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Standard Chartered, India & South Asia CEO, Zarin Daruwala to retire

09 October 2024: Standard Chartered (‘the group’) today announced that Zarin Daruwala, CEO, Standard Chartered, India & South Asia, has decided to retire from 1 April 2025.

Zarin, who has had a banking career spanning more than 35 years, joined the Bank in 2016 as CEO of Standard Chartered, 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 & Investment Banking (CIB) and wealth and affluent in Wealth & Retail Banking (WRB), with a strong risk and compliance culture.

“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,” said Sunil Kaushal, Co-Head of Corporate & Investment Banking and CEO, ASEAN and South Asia. “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.”

“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,” said Zarin.

The Group will update on Zarin’s successor in due course.

For further information please contact:

Rahul Virkar
Head – External Communications, India
Standard Chartered Bank
Email: rahul.virkar@sc.com 
Mobile: +91 9820440482

Rajiv Banerjee
Head – Communications, India and South Asia
Standard Chartered Bank
Email: rajiv.banerjee@sc.com
Mobile: +91 9920454102

About Standard Chartered

Standard Chartered Bank has been operating in India with a continuous presence of over 165 years making it one of the oldest foreign banks in the country. The Bank has a network of 100 branches across 43 cities. Key business segments include Corporate and Investment Banking and Wealth and Retail Banking. For more information, visit https://www.sc.com/in/

Globally, we are a leading international banking group, with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.

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