Zarin Daruwala to Retire as CEO of Standard Chartered India & South Asia in April 2025

Zarin Daruwala, the Chief Executive Officer (CEO) of Standard Chartered India and South Asia, has announced her retirement effective April 1, 2025. This decision marks the end of over eight years of her tenure at the helm of the bank's operations in India and Southeast Asia.

Daruwala joined Standard Chartered in 2016 as the CEO for India. During her tenure, she has been instrumental in shaping the bank's strategy and growth in the region. Her leadership has been particularly notable given her role as one of the two female heads of large foreign banks in India.

The bank has stated that it will provide an update on her successor in due course. This transition comes as part of a broader management reshuffle and restructuring efforts within the bank. Standard Chartered is intensifying its efforts to capture a larger share of India's growing wealth and is revamping its corporate and investment banking arm to speed up decision-making and increase accountability for business performance.

In April, the bank appointed Singapore-based Sunil Kaushal as co-head of corporate and investment banking, with responsibility for ASEAN and Asia markets. This move reflects the bank's strategic focus on regional markets and its commitment to enhancing its operational efficiency.

Zarin Daruwala's retirement marks a significant milestone in the banking industry, particularly for women in leadership roles. Her legacy will be remembered for her contributions to the growth and development of Standard Chartered in India and Southeast Asia.

As Standard Chartered continues to navigate the evolving financial landscape, it is clear that Daruwala's departure will be felt across the industry. Her dedication and expertise have been instrumental in shaping the bank's strategy, and her successor will have big shoes to fill.

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