The Reserve Bank of India (RBI) has approved the appointment of corporate banking veteran Prabdev (PD) Singh as the new Chief Executive Officer (CEO) of Standard Chartered India and South Asia. Singh, a former JPMorgan India CEO, will take over the reins on April 1, succeeding Zarin Daruwala, who will retire at the end of March after a successful tenure of nine years.
With an illustrious career spanning decades, PD Singh brings a wealth of experience to Standard Chartered, having previously served as CEO of JPMorganChase India, where he played a pivotal role in expanding corporate banking operations and strengthening market presence. Before that, he held leadership positions at HSBC for over a decade, with a focus on corporate and commercial banking. Singh’s dual MBA and engineering background uniquely position him to drive strategic growth, foster client relationships, and enhance market expansion at Standard Chartered.
In a statement, Sunil Kaushal, Co-Head, Corporate & Investment Banking and CEO of ASEAN and South Asia at Standard Chartered, expressed confidence in Singh’s leadership. “India is a key market for Standard Chartered, and with PD Singh’s in-depth knowledge of the market, strong relationships, and strategic vision, he will play an essential role in advancing our cross-border banking and wealth management strategy.”
Singh’s appointment aligns with Standard Chartered India’s ambitious growth plans as the country’s dynamic growth story continues to unfold. At the helm of Standard Chartered India, Singh is expected to reinforce the bank’s presence, drive innovation, and lead initiatives that further strengthen the bank’s corporate and retail banking footprint.
Singh, in his statement, expressed his enthusiasm about joining the 165-year-old banking institution: “I am privileged to join Standard Chartered and look forward to contributing to the bank’s sustained growth and continued success in India.”
Standard Chartered’s commitment to India’s evolving banking sector is reinforced with this appointment, and under Singh’s leadership, the bank is poised to deepen its engagement with clients, foster global banking trends, and continue delivering exceptional value to stakeholders across the region.
