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Rana Talwar, 1st Asian to head Standard Chartered, passes away at 76

Famous banker Rana Talwar, who was the 1st Asian to head a global bank, passed away on Saturday at age 76.

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Edited By: Alina Khan
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Renowned banker Rana Talwar passed away on Saturday at age 76. Talwar was the first Asian to head a global bank, serving as CEO of Standard Chartered from 1997-2002.

According to realty giant DLF, where Talwar was a board member, his last rites will be held at Lodhi Road crematorium in Delhi on Sunday.

Who was Rana Talwar?

  • Talwar had an illustrious banking career spanning over three decades. He began with Citibank India in 1969, rising through the ranks to lead Citibank's retail businesses across Asia Pacific, the Middle East, Europe, and North America.

  • In 1997, the St Stephens alumnus joined Standard Chartered as CEO, making history as the first Asian to head an international bank. Under his leadership, Standard Chartered expanded significantly via acquisitions like ANZ Grindlays and Chase Manhattan's credit card business.

  • After leaving Standard Chartered in 2002, Talwar founded private equity firm Sabre Capital, derived from the Hindi word 'Talwar' meaning sword.

  • Talwar joined DLF's board in 2006. He is survived by his wife Renuka, daughter of DLF chairman KP Singh, and their son Rahul who is also associated with DLF.

  • As a pioneer in global banking, Talwar shattered stereotypes and glass ceilings for Asian professionals aspiring to lead in the financial services industry. His stellar career and lasting legacy as a banker will inspire generations to come.

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