Zarin Daruwala, the CEO of Standard Chartered India and South Asia, has announced her retirement effective April 1, 2025. The bank shared the news on Wednesday, highlighting Daruwala’s significant impact over her nearly 35-year banking career.
Daruwala joined Standard Chartered in 2016 and has since played a pivotal role in positioning India as one of the bank’s largest markets. Under her leadership, the focus on cross-border solutions in Corporate & Investment Banking (CIB) and Wealth & Retail Banking (WRB) has strengthened the bank’s presence in the region, all while fostering a robust risk and compliance culture.
Sunil Kaushal, Co-Head of Corporate & Investment Banking and CEO for ASEAN and South Asia, expressed gratitude for Daruwala’s contributions, stating, “Her emphasis on execution and investment in technology has led to a remarkable turnaround for the India business. We wish her all the best in her future endeavors.”
Reflecting on her journey, Daruwala remarked, “I am thankful for the opportunity to lead a brand with such a rich legacy in India and South Asia. The credit for our success belongs to my team and colleagues, whose unwavering support has been invaluable.”
Standard Chartered India operates through a network of 100 branches across 43 cities, with its main business divisions focusing on Corporate and Investment Banking as well as Wealth and Retail Banking. The bank is publicly listed on both the London and Hong Kong stock exchanges.
The bank has committed to updating stakeholders on Daruwala’s successor “in due course.”
