New CEO - Business Outrank

On Monday Standard Chartered made an announcement that P.D. Singh will be the new Chief Executive Officer (CEO) for India from April 1, 2025. From March 31, 2025, until April 1, 2025, Zarin Daruwala will lead the organization before handover to Singh. Singh brings nearly three decades of banking and finance experience to the role, having held leadership and coverage positions in several prominent European and American banks. As CEO of JP Morgan Chase Bank in India, Singh joined Standard Chartered to lead the bank's corporate banking operations. He was also one of the first members of JP Morgan’s corporate banking franchise in India. At HSBC he worked for HSBC for a decade and led the corporate and commercial banking operations. He has a double MBA and an engineering degree which has helped build a strong foundation for his banking career. "Standard Chartered has very ambitious plans for growth in India and we see a lot of potential for the future," said Sunil Kaushal, Co-Head of Corporate & Investment Banking and CEO for ASEAN and South Asia at Standard Chartered. Kaushal highlighted that with a deep understanding of the market, strong client and stakeholder relations and extensive experience, Singh will be an important addition to the bank’s leadership team. "I am very excited about the opportunity to contribute to the growth of Standard Chartered and to create long term sustainable value for the stakeholders," he said, adding that he is determined to build on the bank's presence in India as the economy keeps on growing. This appointment is a welcome sign for Standard Chartered as it plans to use Singh's leadership to build on its presence in the Indian market and to achieve its strategic plans in this region.

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