Standard Chartered’s India and South Asia CEO Zarin Daruwala to retire
Zarin Daruwala, Standard Chartered’s India and South Asia CEO, is retiring from the leadership position, effective 1 April 2025.
Zarin Daruwala to step down from Standard Chartered (Image: Standard Chartered)
Daruwala joined the bank in 2016, becoming its first female leader in India in 163 years. Prior to this, she led the corporate credit function of Mumbai-headquartered ICICI Bank for 27 years.
In its parting statement, Standard Chartered credits Daruwala’s leadership for cultivating its “strategic emphasis on cross-border solutions” in corporate and investment banking (CIB).
“Her leadership of the franchise has helped make India one of the largest markets for the group,” the statement notes.
The bank says it will provide an update on Daruwala’s successor “in due course”.
Daruwala joins a list of recent departures from the banking group’s leadership, including former global head of AI, ecosystems and open banking, Manohar Chadalavada, who left last year after nearly two decades.
