Rana Talwar, the first Indian to lead a global bank – Standard Chartered Bank, died on Saturday, January 27, at the age of 76. He was unwell for some time. times of India Report quoting sources.
Talwar is survived by his wife Renuka (daughter of DLF Group Chairman Emeritus KP Singh) and son Rahul (who is also associated with DLF).
“His last rites will be performed at Lodhi crematorium on Sunday,” he said. times of India Report quoting company sources.
Rana Talwar, who had a bachelor’s degree in economics from St. Stephen’s College, Delhi, started his career with Citibank in India in 1969. Rising through the ranks, he led Citi’s retail businesses in Asia-Pacific, the Middle East and Asia-Pacific. Then in Europe and North America.
Later, he joined Standard Chartered Bank in the summer of 1997, where after a few months, he became its CEO. He was the former Group Chief Executive of SCB plc from 1997 to 2002 and was responsible for transforming SCB into one of the leading emerging markets banks. Earlier, Rana was Executive Vice President and Policy Committee member at Citicorp and Citibank.
Rana was instrumental in major acquisitions of Standard Chartered Bank, including the trade finance business from UBS, Grindlays Bank from ANZ in India and the Middle East, and the credit card business from Chase Manhattan in Hong Kong.
Rana Talwar was also the founding chairman and managing partner of Saber Capital.
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