In a significant leadership transition, Standard Chartered today announced the retirement of Zarin Daruwala, CEO of its India and South Asia operations, effective April 1, 2025. A successor is expected to be named soon, according to the official statement from the banking group.
Zarin Daruwala, a seasoned banking professional with over 35 years of experience, has been instrumental in transforming Standard Chartered’s India business since she joined as CEO in 2016. Under her guidance, the franchise has positioned India as one of the largest and most strategic markets for the Group, with notable progress in cross-border solutions in corporate and investment banking, as well as wealth and retail banking (WRB).
Reflecting on her tenure, Daruwala expressed her gratitude: “I would like to thank Standard Chartered for giving me the opportunity to lead a brand with such a rich legacy in India and South Asia. If India today is among the top markets for Standard Chartered, it is because of the dedication and collaboration of my team, to whom I owe a deep debt of gratitude.”
Before joining Standard Chartered, Daruwala had an extensive career at ICICI Bank, where she spent more than two decades honing her leadership skills and expertise in the banking industry.
Her departure marks the end of an impactful chapter in Standard Chartered’s India operations, with her leadership credited for driving strong business growth and a strategic focus on global opportunities for clients in India.