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Jaspal Bindra may head Centrum

Jaspal Bindra, who headed Standard Chartered Bank Asia before he left the job in 2015, is buying into financial services firm Centrum Group. He is looking at acquiring a significant minority stake in the company. He may also become chairman of the board of the company. According to news reports, the talks between Bindra and the founders of Centrum Group are in the final stages and an announcement could happen shortly. He may own 20% to 26% stake in the group’s holding company. He is likely to being in some of his former colleagues at Standard Chartered into Centrum at senior positions. Set up in 1995 by Chandir Gidwani and Khushrooh Byramjee, Centrum is an integrated financial services firm, with presence in corporate finance, foreign exchange, wealth management, equity capital markets, debt execution, institutional broking and investment banking services. It has over 100 outlets spread across the country and more than one million retail customers with strong relationships in the mid-market corporate space.

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