Mumbai: Standard Chartered Bank has appointed P.D. Singh as its new Chief Executive Officer (CEO) for India, effective 1st April 2025. Singh will succeed Zarin Daruwala, who will retire on 31st March 2025 after a distinguished tenure leading the bank in India and South Asia.
P.D. Singh brings with him nearly three decades of experience in banking and finance, having held leadership roles across European and American banks. Prior to joining Standard Chartered, Singh served as the CEO of JP Morgan Chase Bank in India, where he was instrumental in shaping the bank’s corporate banking franchise and was a founding member of the team. Under his leadership, JP Morgan earned multiple industry awards and recognitions for its outstanding performance. Singh’s career also includes a decade-long tenure at HSBC, where he held various leadership positions within corporate and commercial banking.
A double MBA holder with an engineering degree, Singh’s career is marked by his significant contributions to the financial sector, positioning him as a seasoned leader with a deep understanding of both corporate banking and the Indian market.
Commenting on the appointment, Sunil Kaushal, Co-Head of Corporate & Investment Banking and CEO for ASEAN and South Asia at Standard Chartered, said, “A very warm welcome to P.D. Singh. India is a key market within Standard Chartered, and we have ambitious plans as the country’s growth story continues to unfold. His in-depth experience and understanding of the markets, coupled with strong client and stakeholder relationships, will be a valuable addition to the Bank’s leadership team as we accelerate our cross-border and wealth strategy.”
“I would like to thank Zarin Daruwala for her contribution over the last nine years as CEO of India & South Asia. I wish her the very best for her future endeavours,” Kaushal added.
P.D. Singh, reflecting on his new role, said, “It is a privilege to join Standard Chartered, a bank with such a rich legacy of more than 165 years. I have been following the Bank’s growth trajectory and ambitions in India closely, and I am excited to contribute towards further driving sustained growth and delivering value to our stakeholders. I look forward to building on the strong foundation that has been established and reaffirming our commitment to the Indian market.”
