Standard Chartered Names ICICI's Zarin Daruwala as India CEO
- Mulye said to replace Daruwala as ICICI corporate banking head
- U.K. lender was seeking India CEO after Kaushal's elevation
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Standard Chartered Plc said it hired Zarin Daruwala, ICICI Bank Ltd.’s head of corporate banking, to run its operations in India.
Daruwala, 50, will replace Sunil Kaushal, who vacated the role to become the regional chief executive for Africa and Middle East starting Oct. 1, the U.K.-based lender said in a statement on Tuesday. She will report to Ajay Kanwal, regional CEO for ASEAN and South Asia and her appointment is subject to regulatory approvals, according to the statement.