Rana Talwar, the first person from Asia to head a global bank (Standard Chartered) passed away on Saturday at the age of 76 after being unwell for some time.
Rana Talwar (Image courtesy: TOI)
“We regret to inform about the sad demise of non-executive director Gurvirendra Singh (Rana) Talwar, which was intimated to the company by the family members,” real estate giant DLF said in a regulatory filing, reported the Times of India.
{{^htLoading}} {{/htLoading}}
Talwar was a board member at DLF, having joined the realty major in 2006. He will be cremated at Delhi's Lodhi Road cremation ground on Sunday.
Who was Rana Talwar?
(1.) He began his career with Citibank India in 1969, swiftly ascending through the ranks to lead its retail businesses in Asia-Pacific, Middle East, Europe, and North America.
(2.) Then, in the summer of 1997, the St Stephens alumnus joined Standard Chartered, assuming the position of CEO after some months, becoming the first Asian to head an international bank.
(3.) There, he was instrumental in major acquisitions, including the Trade Finance business of UBS, Grindlays Bank in India and the Middle East from ANZ, and the Credit Card business from Chase Manhattan in Hong Kong.
{{^htLoading}} {{/htLoading}}
{{^usCountry}}
(4.) After moving on from Standard Chartered in 2002, the veteran banker founded Sabre Capital, a private equity firm. Interestingly, ‘Sabre’ means a sword, which translates to ‘Talwar’ in Hindi.
{{/usCountry}}
{{#usCountry}}
(4.) After moving on from Standard Chartered in 2002, the veteran banker founded Sabre Capital, a private equity firm. Interestingly, ‘Sabre’ means a sword, which translates to ‘Talwar’ in Hindi.
{{/usCountry}}
(5.) He is survived by his wife, Renuka, whose father is DLF Group chairman emeritus KP Singh. The couple's son, Rahul, is also involved with DLF.
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Home/Business/Rana Talwar, first Asian to head a global bank, passes away at 76
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
