Standard Chartered Bank announced on Monday that PD Singh will take over as the CEO of its India operations, effective April 1, 2025. He will succeed Zarin Daruwala, who will retire on March 31, 2025, after leading the bank in India for nearly a decade.
Under Daruwala’s leadership, India became one of the bank’s largest markets for cross-border solutions in corporate and investment banking, as well as wealth and retail banking. She played a key role in strengthening Standard Chartered’s presence and business in the country since assuming the CEO position in 2016.
Singh, who brings over 30 years of banking experience, previously served as the CEO of JP Morgan Chase Bank in India. There, he played a pivotal role in shaping the bank’s corporate banking franchise as a founding member. Prior to his tenure at JP Morgan, Singh spent a decade at HSBC, holding various leadership positions across corporate and commercial banking.
“I am honored to join Standard Chartered, a bank with a rich legacy of over 165 years. I’ve closely followed the bank’s ambitious growth and trajectory in India, and I am eager to contribute to its continued success and deliver value to all our stakeholders,” said Singh in his statement following his appointment.
Sunil Kaushal, co-head of Corporate & Investment Banking and CEO of ASEAN and South Asia, Standard Chartered, expressed confidence in Singh’s leadership, highlighting his vast experience and deep understanding of India’s markets. Kaushal noted that Singh’s strong client relationships and leadership will be instrumental in accelerating the bank’s cross-border and wealth strategies as India’s growth story unfolds.
