Ajay Kanwal, who was heading Standard Chartered Plc’s South and Southeast Asian operations till November 2016, has joined private equity firm TPG as a senior adviser in Singapore.
Kanwal is the latest industry expert to join TPG as a senior adviser. Last year, TPG Capital had hired Dilip Jose for its healthcare team. Prior to that, TPG Growth had hired former Fortis Healthcare CEO Vishal Bali to head its healthcare practice in Asia. In March, Anjali Bansal stepped down from her position as senior adviser at TPG Growth.
India-born Kanwal has recently also been appointed as a senior adviser at Mastercard, according to a media statement.
A 27-year-old veteran in the banking industry, Kanwal resigned from Standard Chartered in November 2016 after failing to disclose certain details of his past personal investments, which the bank said was a transgression. There was no legal or regulatory breach, the bank said at that point.
At Standard Chartered, Kanwal held various roles including that of regional CEO – Asean and South Asia, regional CEO of Northeast Asia and CEO of Taiwan in addition to heading consumer banking in Southeast Asia, according to the media statement.