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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