Summary The slot was vacated on January 30 2014 when former Governor SBP Yaseen Anwar resigned.
KARACHI (Web Desk) - Acting Governor State Bank of Pakistan (SBP) Ashraf Mahmood Wathra has been appointed full-fledge Governor of the central bank for next three years.
The slot was vacated on January 30 2014 when former Governor SBP Yaseen Anwar resigned from the post. Therefore, the government is bound to appoint the new Governor SBP within three months after the post vacant.
According to the SBP act 1956, the federal government has to appoint the new governor before April 30 2014.
Anwar was appointed SBP governor in July 2011 after former SBP governor Shahid Kardar stepped down from the position amidst rumours that he had developed differences with the ministry of finance.
Mr. Wathra brings 35 years of commercial & investment banking experience to his new assignment. Prior to joining SBP, he was serving the National Bank of Pakistan (NBP) as its Senior Executive Vice President & Group Chief, Credit Management Group, since October, 2012.
Before joining NBP, Mr. Wathra served Habib Bank Limited from April 1999 to September 2012 in various responsible capacities such as Regional General Manager (Bangladesh), Executive Vice President & Regional General Manager (Singapore), Executive Vice President, Group Executive and Risk Manager & Senior Credit Officer, Asset Remedial Management Group.
He was attached with Faysal Bank Limited from May 1992 to March 1999 in senior positions such as Executive Vice President & Country Risk Manager, Executive Vice President & Regional Manager and Senior Vice President & Chief Manager. From 1978 to 1992, he had been associated with BRR Capital Modaraba, Emirates Bank International, American Express Bank Ltd. and ANZ Grindlays Bank. He also served as Director at Habib Finance International, Hong Kong and Habib Finance, Australia.
Holding Masters Degree in Business Administration, Mr. Wathra has attended a number of seminars, conferences and courses at home and abroad including Wharton/SMU General Management Program, Operational Risk Management and Asian Bonds Summit etc.
