Yaseen Anwar takes over charge as acting governor SBP
KARACHI : Yaseen Anwar on Thursday took over the charge of Acting Governor, State Bank of Pakistan. Anwar assumed his new responsibility following the acceptance of the resignation of Syed Salim Raza. Raza has earlier resigned from the office of the Governor due to personal reasons.
Anwar, who has been serving the State Bank as its Deputy Governor since 29th March 2007, has held responsibilities at different periods of managing all the four clusters of the Central Bank, ie Banking Policy and Regulations/Banking Supervision, Financial Markets & Reserve Management (FMRM), Economic Policy and Research, and Corporate Services; SBP subsidiaries – Banking Services Corporation (BSC) and the National Institute of Banking and Finance (NIBAF).
He has served on the Board of SBP, Board of Pakistan Security Printing Corp (PSPC), Policy Board of SECP, Board of NIBAF, and Saarc Payments Council Board. He is a member of SBP’s Monetary Policy Committee (MPC) and has interacted with the IMF under the Standby Arrangement with Pakistan. He has also served as an alternate to the Governor on the Asian Clearing Union (ACU) Board.
As a senior global banker, Anwar brought 33 years of international banking experience to SBP. Prior to joining SBP as its Deputy Governor, he was associated with M/s Kraken Financial Group, London as its Executive Vice President since 2003. In that capacity, he had interfaced with various financial institutions and brokerage firms in Pakistan for three years and developed an in-depth understanding of the financial services sector and the economic reforms in the country
Anwar, with deep corporate business relationships in the US, Europe, and the Middle East, developed a broad range of hands-on experience in managing rapidly growing business units of renowned global financial institutions with detailed knowledge and oversight of the Regulatory Environment, Capital Markets, Operations, Payments, Export Finance, Investment Management, and Credit related matters. As a Non-Executive Director on the Board of United National Bank Ltd (UK) for six years (2000-2006), he developed strong expertise in the UK financial services regulatory framework on corporate governance as well as senior level ties with the UK Financial Services Authority and the Federal Reserve Bank of New York. Prior to a stint at Riggs & Co, London as Director Investments from 2001 to 2003, Anwar was the Vice President at Merrill Lynch & Co for nine years in New York/London from 1992 to 2001 where he honed his skills in Capital Markets and Alternative Investments.
Before Merrill Lynch, he spent 15 years at Bank of America from 1976 to 1991 in various responsible capacities that included Vice President & Section Head for its Global Export Finance Group and the Middle East in New York. As head of Bank of America’s Export Finance Group, he was the key relationship manager for the World Bank, Asian Development Bank, Export Import Bank, USAID, and USDA.
He was trained at J.P. Morgan Chase, New York 1973-1975 after completing his Bachelor of Science degree in Economics from the Wharton School of Business at the University of Pennsylvania where he received a dual degree of BA in Political Science as well. His early education included attending Aitcheson College (Lahore), Grammar School (Karachi), and Karachi American School.
Anwar was the founder and President of the Pakistan Bankers Association, UK from 1997 to 1999. He was also a member of the Arab Bankers Association, UK In New York, he had served as an Executive Director on the American Turkish Society, Director on the US-Pakistan Economic Council, Director on the American Middle East Business Association, and Member of the Council on Foreign Relations.
Source: Business Recorder