Former Standard Chartered India CEO Zarin Daruwala appointed as Group CEO of PL Capital

Zarin Daruwala

PL Capital on October 27 announced that it has appointed banking veteran Zarin Daruwala as its Group CEO, effective October 13.

Zarin Daruwala brings over 35 years of experience across corporate and retail banking, governance, and strategic leadership, the company said. Prior to joining PL Capital, she served as the CEO of India and South Asian markets at Standard Chartered Bank.

Daruwala retired from Standard Chartered in April this year after serving as the CEO for nine years. Before that, she was with ICICI Bank for 26 years.

While handling operations at Standard Chartered Bank, Daruwala "successfully led the bank’s transformation and sustained growth across the region. Under her leadership, she repositioned the bank’s Retail Banking business to make it more Wealth Management focused and transformed its Corporate Banking space as a partner of innovation and growth, in line with India’s growing affluence," PL Capital said.

The executive will play a key role in driving PL Capital's transformative journey, as it aims scale its broking and distribution, institutional equities, investment banking, corporate advisory, private credit, wealth management and asset management services.

The appointment signals a new chapter for the Indian brokerage firm as it accelerates its expansion across key verticals, invests in technology and talent, and more, the company added.

Speaking about her appointment, Zarin Daruwala said, "It is a privilege to join PL Capital at such an exciting inflection point. The Group has a strong foundation, deep market knowledge, and a client-first ethos. I am energised by the vision to build a future-ready financial services platform that delivers innovation, value, and impact. I look forward to working with Amisha and the leadership team to shape the next era of growth."

Amisha Vora, Chairperson and Managing Director of PL Capital, said, "Zarin’s appointment comes as a defining moment for PL Capital. With a bold vision for growth and diversification, we are poised to significantly scale our businesses. Zarin’s arrival marks an important milestone in our mission to build an enduring, institutionally governed organisation — one that combines heritage and trust with capabilities and scale. We are confident she will lead the Group to greater heights."

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