Yaseen Anwar takes over as Acting Governor State Bank of Pakistan

Karachi: Yaseen Anwar on Tuesday took over as Acting Governor, State Bank of Pakistan following the acceptance of resignation of SBP Governor, Shahid H. Kardar, a SBP press release said.

Federal Government Monday night notified the acceptance of resignation of Kardar and appointment of Anwar as Acting Governor, SBP under State Bank of Pakistan Act, 1956. Anwar was also Acting Governor, SBP from June 3 to September 8, 2010 after the resignation of former Governor, Syed Salim Raza.

Anwar, who has been serving SBP as its Deputy Governor since 29th March 2007, has managed all four clusters of Central Bank i.e. Banking, Reserve Management, Monetary Policy & Operations; SBP subsidiaries – Banking Services Corporation (BSC) & National Institute of Banking & Finance (NIBAF). He has served on Boards of SBP, Pakistan Security Printing Corp. (PSPC), Policy Board of SECP, Board of NIBAF & SAARC Payments Council Board. He is member of Monetary Policy Committee (MPC) of SBP Central Board and has interacted with IMF under Standby Arrangement with Pakistan, also served as an alternate to Governor on Asian Clearing Union (ACU) Board.

As a senior global banker, he brought 33 years of international banking experience to SBP. During this period he worked at major international financial centers including New York, London, Paris with JPMorgan Chase, Bank of America & Merrill Lynch. As a result of this international exposure, he developed a deep understanding of corporate business relationships in the U.S., Europe & Middle East as well as broad range of hands-on experience in managing rapidly growing business units of renowned global financial institutions with detailed knowledge, oversight of Regulatory Environment, Capital Markets, Operations, Payments, Export Finance, Investment Management, Credit related matters. As Non-Executive Director on Board of United National Bank Ltd. (UK) for six years (2000-2006), he developed strong expertise in UK financial services regulatory framework on corporate governance and senior level ties with UK Financial Services Authority & Federal Reserve Bank of New York.

Prior to a stint at Riggs & Co., London as Director Investments, he was 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 & Alternative Investments. He spent 15 years at Bank of America from 1976 to 1991 in responsible capacities including Vice President & Section Head for its Global Export Finance Group & Middle East in New York. As head of Bank of America’s Export Finance Group, he was key relationship manager for World Bank, Asian Development Bank, Export Import Bank, USAID & USDA.

He was trained at JPMorgan Chase, New York during 1973-1975 after completing his Bachelor of Science degree in Economics from Wharton School of Business at 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 & Karachi American School.

Anwar was founder and President of Pakistan Bankers Association, UK from 1997 to 1999. He was also member of Arab Bankers Association, UK. In New York, he had served as Executive Director on American Turkish Society, Director on US-Pakistan Economic Council, Director on American Middle East Business Association & Member of Council on Foreign Relations.

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