Customary Chartered on Monday mentioned P D Singh will take over because the Chief Govt Officer (CEO) for India, efficient April 1, 2025.
The Customary Chartered financial institution emblem is seen at their headquarters in London, Britain, July 26, 2022.(Peter Nicholls/Reuters)
Singh will take over from Zarin Daruwala, who will retire on March 31, 2025.
Additionally Learn: ‘No amount of meditation sessions will fix that’: Enterprise capitalist Dilip Kumar on worker stress
In an announcement, Customary Chartered mentioned Singh has shut to 3 many years of expertise in banking and finance, spanning management and protection roles throughout European and American banks.
Previous to Customary Chartered, Singh was the CEO of JP Morgan Chase Financial institution in India, the place he performed a pivotal position in shaping the financial institution’s company banking franchise as a founding member.
Earlier than JP Morgan, Singh, who’s a double MBA with an engineering diploma, was at HSBC, the place he spent a decade protecting management roles throughout company and business banking.
Additionally Learn: ‘Dystopian future’: Sanjeev Bikhchandani compares Elon Musk’s affect on US govt to India’s colonial historical past
“India is a key market within Standard Chartered, and we have ambitious plans as the country’s growth story continues to unfold,” mentioned Sunil Kaushal, Co-Head, Company & Funding Banking and CEO, ASEAN and South Asia, Customary Chartered Financial institution.
Singh’s in-depth expertise and understanding of the markets, coupled with robust shopper and stakeholder relationships, might be a useful addition to the financial institution’s management staff, Kaushal mentioned.
Additionally Learn: US tariffs prone to have minimal impression on Indian exports, says SBI report
On his appointment, Singh mentioned, he’s wanting ahead to enjoying a job in reaffirming Customary Chartered’s dedication by additional driving sustained progress and delivering worth to stakeholders.