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MUMBAI: Rana Talwar, the primary Indian and Asian to helm a international financial institution, died on the age of 76 on Saturday.
He was unwell for a while, stated sources. He is survived by spouse Renuka (daughter of DLF Group chairman emeritus Okay P Singh) and son Rahul (who can be concerned with DLF). His final rites will likely be carried out at Lodhi crematorium on Sunday, firm sources stated.
An alumnus of St Stephens school, Delhi, Talwar commenced his profession with Citibank in India in 1969.He performed a pivotal position in shaping Citi’s client banking enterprise into a number one franchise within the nineties.
He swiftly ascended via the ranks, main Citi’s retail companies in Asia-Pacific, Middle East, after which in Europe and North America. He then joined Standard Chartered financial institution in the summertime of 1997, the place he assumed the CEO place after some months.
Talwar led Standard Chartered financial institution via transformative years after the Asian foreign money disaster. As chief government he orchestrated main acquisitions for Standard Chartered, together with integration of UBS‘s commerce finance enterprise, ANZ’s Grindlays Bank in India and the Middle East, and Chase Manhattan’s bank card enterprise in Hong Kong.
A staunch believer in Asia’s financial resilience, Talwar navigated challenges posed by Asian foreign money disaster of 1997, fortifying Standard Chartered’s place in Asia. Post his tenure at Standard Chartered, he based personal fairness fund Sabre Capital which was named after himself (Sabre being the English phrase for Talwar). One of Sabre Capital’s greatest offers in India was the acquisition of a strategic stake in Centurion Bank. Talwar was later instrumental in its merger with HDFC Bank.
He was additionally on the board of DLF, having joined the realty main in 2006. In a regulatory submitting, DLF stated: It regrets to tell concerning the unhappy demise of non-executive director Gurvirendra Singh Talwar (Rana Talwar) on Saturday, which was intimated to the corporate by the relations.
He was unwell for a while, stated sources. He is survived by spouse Renuka (daughter of DLF Group chairman emeritus Okay P Singh) and son Rahul (who can be concerned with DLF). His final rites will likely be carried out at Lodhi crematorium on Sunday, firm sources stated.
An alumnus of St Stephens school, Delhi, Talwar commenced his profession with Citibank in India in 1969.He performed a pivotal position in shaping Citi’s client banking enterprise into a number one franchise within the nineties.
He swiftly ascended via the ranks, main Citi’s retail companies in Asia-Pacific, Middle East, after which in Europe and North America. He then joined Standard Chartered financial institution in the summertime of 1997, the place he assumed the CEO place after some months.
Talwar led Standard Chartered financial institution via transformative years after the Asian foreign money disaster. As chief government he orchestrated main acquisitions for Standard Chartered, together with integration of UBS‘s commerce finance enterprise, ANZ’s Grindlays Bank in India and the Middle East, and Chase Manhattan’s bank card enterprise in Hong Kong.
A staunch believer in Asia’s financial resilience, Talwar navigated challenges posed by Asian foreign money disaster of 1997, fortifying Standard Chartered’s place in Asia. Post his tenure at Standard Chartered, he based personal fairness fund Sabre Capital which was named after himself (Sabre being the English phrase for Talwar). One of Sabre Capital’s greatest offers in India was the acquisition of a strategic stake in Centurion Bank. Talwar was later instrumental in its merger with HDFC Bank.
He was additionally on the board of DLF, having joined the realty main in 2006. In a regulatory submitting, DLF stated: It regrets to tell concerning the unhappy demise of non-executive director Gurvirendra Singh Talwar (Rana Talwar) on Saturday, which was intimated to the corporate by the relations.
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