Zarin Daruwala to retire from Standard Chartered India
"I have been in discussions with the bank for the last two months and have decided to retire as I turn 60 in February. My RBI approved term ends in March. The search for my successor has already started," she said on phone.
Daruwala has had a banking career spanning more than 35 years, joined Standard Chartered as CEO in after a 26 year stint at ICICI Bankwhere she ultimately took over as the bank’s wholesale banking vertical.
"Her leadership of the franchise has helped make India one of the largest markets for the group, with a strategic emphasis on cross-border solutions in Corporate & Investment Banking (CIB) and wealth and affluent in Wealth & Retail Banking (WRB), with a strong risk and compliance culture," the bank said in a statement.
In an internal email to co
Zarin Daruwala
Ms. Zarin Daruwala is Cluster Chief Executive Officer, India, and South Asia markets (Bangladesh, Nepal, and Sri Lanka). In a career spanning over 35 years, she has worked across all areas of banking, ranging from wholesale banking, agri-finance, corporate finance, corporate planning, investment banking and credit.
She was selected as one of the Top 30 most powerful women in Indian business by Business Today seven times. She has been featured in their coveted " Hall of Fame" for being a consistent performer. She consistently features in the 50 most powerful Women in Business listing by Fortune India, and Business World has listed her among the 75 Most Influential Women in India. She has also been recognised for "Outstanding Contribution toward Banking and Financial Services" by the IMC Chamber of Commerce and Industry. In addition, Zarin was featured in "Top Most Influential BFSI Leaders", released by the World BFSI Congress and Awards. More recently, she has been recognised as the Banking CEO of the Year for India by The European Global Business Awards.
A rank holder in Chartered Accountancy, Zarin has also won the President's gold medal, topping the all-India
Zarin Daruwala is the CEO of Standard Chartered India & South Asia who is set to retire next years. She has over three decades of banking experience.
Zarin Daruwala Age
As of , she is 59 years old.
Zarin Daruwala Biography
| Full Name | Zarin Daruwala |
| Date of Birth | |
| Birth Place | Mumbai |
| Height | Not Known |
| Weight | Not Known |
| Education | Company Secretary |
| Profession | CEO of Standard Chartered Bank for India and South Asia |
| Marital Status | Married |
| Social Media |
Zarin Daruwala Family
Zarin is married to Bomi Daruwala, a lawyer, since the s. The couple have 2 children: Diana and Cyrus Daruwala
Zarin Daruwala Early Life & Career
Daruwala began her professional journey over three decades ago with the ICICI Group, where she held various positions across departments such as human resources, corporate planning, credit, and investment banking. This diverse experience set a strong foundation for her future leadership roles in banking.
Zarin Daruwala Standard Chartered
In , Daruwala took on the role of CEO of Standard Chartered India & South Asia. When Daruwala took over, she inherited a struggling branch network with high non-perform
Zarin&#;s story: &#;Persistence overcomes resistance&#;
In the latest article in the &#;Our Female CEOs&#; series, we meet India CEO Zarin Daruwala
How I got where I am
Though I had a few offers, after becoming a chartered accountant, I wasn’t sure if I should join an accounting firm, work with clients, or join a financial services company. I didn’t know whether I wanted to be a manager, either, but over the years, our experiences and learnings help shape us.
My growth and success can be attributed to perseverance on my part, and learnings from great leaders. The people who have mentored me have played a huge role in recognising qualities in me that would suit leadership.
I remember once, in my previous job, I was sitting across the table from my General Manager, and I wondered aloud if I would ever reach her level. She reprimanded me for even doubting that I would and told me to never aim low. That advice has stayed with me all my life.
Now I’m a firm believer in the saying, ‘persistence overcomes resistance.’ Though natural talent can be an advantage, it cannot be a substitute for hard work.
The feedback philosophy
My management style is feedback driven. I alway
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