Mumbai Capital

Jaspal Bindra joins Centrum group as executive chairman

Jaspal Bindra has reportedly picked up a minority stake in Centrum  

Jaspal Bindra, the former Standard Chartered group executive director and chief executive officer for Asia Pacific who stepped down last year, has been appointed executive chairman of the Centrum Group — a merchant banking and advisory firm based in Mumbai.

“Jaspal Bindra, former Asia Pacific CEO at Standard Chartered Bank, takes on a new entrepreneurial role as executive chairman of Centrum Group,” a statement from Centrum said.

Mr Bindra has reportedly picked up a minority stake, around 20 per cent, in Centrum.

Mr Bindra, along with Peter Sands, chief executive of Standard Chartered Plc, were among half a dozen top executives of the British lender who stepped down in a management reshuffle in February 2015.

“Jaspal’s strategy and execution track record is exactly what Centrum needs, as we enter the next chapter of growth, which I am confident will be even more impactful and exciting than our last,” said Chandir Gidwani, founder-promoter of Centrum.

“Centrum is well poised for higher growth. The opportunity that lies ahead is enormous for niche home-grown companies and the ability to lead Centrum’s next chapter is exhilarating,” Mr Bindra said on his appointment.

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Printable version | Mar 5, 2021 2:05:08 PM | https://www.thehindu.com/news/cities/mumbai/business/jaspal-bindra-joins-centrum-group-as-executive-chairman/article8507427.ece

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