The Reserve Bank of India (RBI) has given its approval for the appointment of PD Singh as CEO, Standard Chartered, India starting 1 April 2025. He will step into the shoes of Zarin Daruwala, who will retire on 31 March 2025.
In December 2024, Standard Chartered had nominated Singh, former chief of JPMorgan India for the role of next CEO for India and South Asia. At the time the bank had sought RBI’s consent for the appointment.
Backed by almost 30 years of experience, Singh has worked with European and American banks in various leadership roles.
At JPMorgan Chase, where he served as a founding member, he helped the bank perform exceptionally well. He was associated with HSBC before JP Morgan, where he spent ten years in various senior roles in the corporate and commercial banking divisions.
Along with an engineering degree, Singh also has a double MBA.
Sunil Kaushal, co-head, corporate and investment banking, and CEO, ASEAN and South Asia, Standard Chartered Bank, has reportedly expressed confidence in Singh’s “in-depth experience and understanding of the markets”, which will be an “asset to the leadership team at Standard Chartered.”
Singh himself feels privileged to join the bank, “which has a rich legacy spanning more than 165 years.”
