Standard Chartered Indian and South Asian CEO Zarin Daruwala has announced her retirement. The retirement will happen on April 1, 2025, as mentioned in Standard Chartered’s statement.
“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,” said Standard Chartered in a release.
“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 endeavors,” said Sunil Kaushal, Co-Head of Corporate & Investment Banking and CEO of ASEAN and South Asia.
“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 Daruwala.
Standard Chartered’s statement mentions that Zarin Daruwala will be announced “in due course,”
Her leadership has played a key role in making India one of the group’s biggest markets. Since joining Standard Chartered in 2016 as CEO, after a 35-year career in banking, including a long tenure at ICICI Bank, she has focused on expanding services across corporate and investment banking, as well as wealth management and retail banking for high-net-worth individuals, Standard Chartered said.