StanChart names Neeraj Swaroop as India chief
Mumbai: Standard Chartered has appointed Neeraj Swaroop as CEO for its India operations.
Swaroop has been heading HDFC Bank's consumer banking business for the last four years. He was also associated with the Bank of America.

The post had been lying vacant since March 1 after Christopher Low, the bank's previous CEO, was appointed as chief operating officer of Korea First Bank, which was acquired by Standard Chartered.

Meanwhile Jaspal Bindra, Standard Chartered's regional general manager, South Asia, who had been looking after the bank's operations in the interim period has been appointed to the Standard Chartered group's management committee. Standard Chartered said that the group's management committee comprises the top ten executives in the bank.
Back to News Review index page  

Carlyle Group sets up new buyout team
Mumbai: Global private equity firm The Carlyle Group has said that it has established a buyout team in India with three experienced professionals.

The firm has appointed Rajeev Gupta, former Managing Director and Head of Investment Banking of DSP Merrill Lynch as Managing Director and Head of the Carlyle India buyout team. Raj Dugar, former founding director of Merlion India Fund, was appointed as Director and Manoj Dengla as Senior Associate, a release from the firm said. The Carlyle India buyout team is part of Carlyle's Asia buyout group, which manages a $750-million Asia buyout fund.

Carlyle also has two dedicated Asia growth capital funds totalling $323 million. Carlyle now has seven investment professionals in India conducting buyout and growth capital investments.
Back to News Review index page