(*76*)
Rana Talwar, the primary Indian to head a world financial institution – Standard Chartered Bank, handed away on Saturday, January 27, on the age of 76. He was unwell for a while, in accordance to a TOI report citing sources.
Talwar is survived by spouse Renuka (daughter of DLF Group chairman emeritus Okay P Singh) and son Rahul (who can be concerned with DLF).
“His last rites will be performed at Lodhi crematorium on Sunday,” mentioned the TOI report citing firm sources.
Rana Talwar, who had a Bachelor’s Degree in Economics from St. Stephens College in Delhi, began his profession with Citibank in India in 1969. Rising via the ranks, he went on to lead Citi’s retail companies in Asia-Pacific, Middle East, after which in Europe and North America.
Later, he joined Standard Chartered Bank in the summertime of 1997, the place after some months, he grew to become its CEO. He was the previous Group Chief Executive of SCB Plc from 1997 to 2002 and was accountable for transitioning SCB to one of many main rising markets banks. Prior to that, Rana was an Executive Vice President and Policy Committee member at Citicorp and Citibank.
Rana was instrumental in Standard Chartered Bank’s main acquisitions, together with the Trade Finance enterprise of UBS, Grindlays Bank in India and the Middle East from ANZ, and the Credit Card enterprise from Chase Manhattan in Hong Kong.
Rana Talwar was additionally the founding chairman and managing companion of Sabre Capital.
