The Canadian pension fund plans to increase its allocation to the region from 10% to 15% over the coming four years, even as its total assets under management rise.
Upon arriving at Standard Chartered, Anwar fills the void left by Tom OÆDonnell who departed the firm some time back for an undisclosed location. While at Standard Chartered, OÆDonnell also held the title of head of cash sales.
In his new position, Anwar will assume responsibility for the bankÆs cash management, trade and securities services sales globally. All of Standard CharteredÆs regional transaction banking heads, located throughout its network in Asia, Africa and the Middle East, will report directly into Anwar.
He makes the move to Standard Chartered from Bank of America (BoA) in San Francisco. For BoA, Anwar was most recently senior vice president for FX payments partnership. In total, he brings more than 23 years of experience to Standard Chartered from BoA. Prior to working at BoA, Anwar was with the Chase National Bank of Eqypt.
Throughout his career, he has worked with clients across all aspects of cash and treasury management, including re-engineering projects, treasury centralisation programmes and shared services centres. His experience also extends to advisory on change management, complex implementations and project management.
AnwarÆs appointment follows a flurry of recent activity at Standard Chartered and comes as the firm looks to enhance its transaction banking position in Asia, Africa and the Middle East. In the past few weeks, the firm has appointed long-standing employee Neil Daswani as its global head of securities services, with responsibility for regional custody, sub-custody and fund administration across Asia and the Middle East.
They have teamed up with each other and with overseas investors to boost investment capacity in real estate and infrastructure investments in Europe and North America.
Asset owners across Asia Pacific weathered some difficult market conditions in 2020. While most emerged from the year successfully, some notable exceptions suffered asset drops.
Thanks to the current rise in yields, the key return driver of the bond market is set to change but its bull run will very likely continue.
Asian institutional investors were generally more optimistic about post-pandemic economic recovery but only 33% were confident about achieving their short-term objectives.