StanChart lures Anwar from Bank of America

Standard Chartered has continued the momentum in its global transaction business, bringing in Tarek Anwar as its new global head of transaction sales. With immediate effect, Anwar takes on the role from its Singapore office and will report directly to Karen Fawcett, Standard CharteredÆs Singapore-based group head of transaction banking.

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.