Indian banking veteran Rana Talwar, first Indian to lead Standard Chartered Bank, passes away at 76; served as CEO (1997-2002), spearheaded major acquisitions.

Rana Talwar, the first Indian to head a global bank, Standard Chartered Bank, passed away at the age of 76. Talwar, who had a long career in banking, began with Citibank in India in 1969 and later served as the CEO of Standard Chartered Bank from 1997 to 2002. Under his leadership, the bank transitioned to a leading emerging markets bank. In addition, he was instrumental in major acquisitions by the bank, including the Trade Finance business of UBS, Grindlays Bank in India and the Middle East, and the Credit Card business from Chase Manhattan in Hong Kong. Rana Talwar is survived by his wife Renuka and son Rahul.

January 27, 2024
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