A New Chapter for Standard Chartered as Zarin Daruwala Steps Down

Zarin Daruwala, CEO of Standard Chartered’s India and South Asia operations, is set to step down from her leadership role, effective April 1, 2025.

Daruwala’s journey with the bank began in 2016 when she made history as the institution’s first female leader in India in its 163-year presence. Before joining Standard Chartered, she spent 27 years at ICICI Bank, where she played a pivotal role in overseeing its corporate credit division.

In its farewell statement, Standard Chartered acknowledged Daruwala’s significant contributions, crediting her leadership with driving the bank’s focus on cross-border solutions within the corporate and investment banking (CIB) sectors. The statement also highlighted her role in establishing India as one of the group’s largest and most important markets.

The bank mentioned that further details about Daruwala’s successor would be shared at a later date.

Daruwala’s departure follows other notable exits from the bank’s leadership team, including Manohar Chadalavada, the former global head of AI, ecosystems, and open banking, who left last year after nearly 20 years with the institution.

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