Standard Chartered's Sanjeev Mehta Quits, Set To Launch Greenfield Venture

Following a career of over 17 years with Standard Chartered Bank (SCB), Sanjeev Mehta stepped down from his position as the managing director and head of transaction banking sales for corporate, commercial & institutional Banking for South Asia at the end of July 2024.

 

Mehta is now gearing up for a new chapter in his professional journey, with plans to launch a greenfield venture.

 

Over the years, Mehta has contributed significantly to the bank’s operations in India and has built a reputation as a stalwart in the sector. This decision to leave the corporate world and embark on an entrepreneurial journey marks a significant shift in his career. Details about the new venture are still under wraps, but it is anticipated that his initiative will leverage his expertise in finance, relationship building & new age technology platforms to potentially drive commerce.

 

Mehta brings a strong background in financial services, leadership, creating new businesses, teams and strategic development—skills that will undoubtedly serve him well as he transitions to the role of an entrepreneur. His departure from SCB comes at a time when the Indian financial landscape is undergoing rapid change, presenting both challenges and opportunities for new entrants.

 

Before SCB, Mehta was the country head for liabilities business and business banking at Yes Bank from 2005 to 2007. Beginning from one of the most modest positions to growing into a managing director, Mehta has perhaps seen it all in the banking sector. His pivot to the tough entrepreneurial role is a rare decision among corporate C-suite, making it an interesting one to watch out for.