Nalini Tarakeshwar Takes the Helm at Standard Chartered Foundation: A New Chapter in Corporate Philanthropy
Standard Chartered Bank has recently appointed Nalini Tarakeshwar as the Global Head of the Standard Chartered Foundation and Corporate Philanthropy. As the bank seeks to broaden its social impact and address pressing global issues, Tarakeshwar steps into this vital role amidst increasing youth unemployment rates, which rose to 12.4% in 2025. With more than 260 million young people globally not engaged in employment, education, or training, her leadership is expected to significantly bolster the Foundation's efforts in combatting this dire trend.
Bridging the Gap: Focus on Youth Employability
At a time when corporate and systemic barriers to employment are increasingly pronounced, particularly for young individuals, Tarakeshwar’s mission is clear. Under her guidance, the Foundation will amplify its initiatives aimed at enhancing job opportunities for underserved youth, particularly young women who are often disproportionately affected by unemployment. With a track record of enabling over 100,000 jobs and impacting over 700,000 lives, Tarakeshwar's task is crucial and timely.
Tanuj Kapilashrami Emphasizes the Importance of Philanthropy
Tanuj Kapilashrami, Chief Strategy and Talent Officer at Standard Chartered, has passionately outlined the urgent need for corporate philanthropy in addressing youth unemployment. According to him, “Corporate philanthropy has a critical role to play in addressing this challenge.” His sentiments echo the global urgency of the situation, where one in five young people are unable to find meaningful pathways to success.
Strategic Vision: New Initiatives and Programs
Tarakeshwar, who previously held the position of Deputy CEO at UBS Optimus Foundation, plans to leverage her vast experience to spearhead innovative programs aimed at job creation and entrepreneurial support. Programs will be carefully developed to not only improve employability but also to cultivate entrepreneurship among young individuals, thereby fostering economic independence.
A Vision for the Future: The Role of Corporate Philanthropy
The emphasis placed on addressing youth challenges is not just corporate social responsibility—it’s an investment in the future. With projections indicating that the outreach initiatives could change lives on a monumental scale, Tarakeshwar’s appointment highlights a crucial shift in business strategy toward a more socially responsible future. As she engages with various stakeholders, the anticipation is that Standard Chartered will redefine how corporate entities interact with communities they serve.
Understanding the Broader Impact
The Foundation's work targets critical issues beyond immediate employability, including systemic barriers that hinder participation in the labor force. Women face additional challenges, with statistics indicating they are 24% less likely than men to participate in the workforce. By focusing on these nuances, the Foundation can formulate targeted solutions aimed at dismantling barriers inhibiting individuals from achieving their potential.
Innovative Partnerships and Financing Solutions
In her new role, Tarakeshwar will also explore innovative partnerships and financing solutions to expand the Foundation’s global impact. This includes collaborations with local organizations and communities to deliver training, mentorship, and resources tailored to the challenges faced by young people today. The approach aims to foster a network effect where different stakeholders can unite toward a common goal of better employment outcomes.
Taking Action: A Call to Engage
As the Standard Chartered Foundation embarks on this transformative journey under the leadership of Nalini Tarakeshwar, the invitation stands for other companies and organizations to reflect on their role in addressing youth employment. By engaging in discussions around corporate philanthropy and considering proactive measures, businesses can play a critical part in shaping a more robust and equitable future for the next generation. It is through such collaborations that true progress can be made.
With the clear understanding that corporate involvement can reshape countless futures, this is an opportune moment for professionals, organizations, and communities to rally together, facilitating a future where young individuals are equipped with the skills and opportunities they need to thrive.
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