Standard Chartered gets new CEO

Standard Chartered Bank has appointed Abrar Anwar as its new Chief Executive Officer for Bangladesh.

The largest and oldest international bank in the country said in a statement on Saturday that Anwar replaced Jim McCabe on Jan 1.

McCabe will take up the role of the CEO in Sri Lanka.

Abrar joined Standard Chartered Bank in Jan 2011 and had been the Head of Corporate and Institutional Clients.

The bank said his leadership had delivered “impressive revenue growth, diversifying the business beyond traditional banking into sophisticated financial solutions to meet the more complex needs of corporates in Bangladesh today”.

He has more than 23 years of experience in international banking in Bangladesh, India and the UK.

Announcing his appointment, Regional CEO of India and South Asia Sunil Kaushal said he was a “hugely talented member of our team” and had already made “a major contribution to our success”.

“His deep knowledge of Bangladesh, a key growth market for us globally, and our customers and clients will take this exciting business to new heights,” he was quoted as saying in a media release.

Abrar said he was “excited about the opportunities to serve our customers, clients, staff and the community”.

“I am honoured to be entrusted with the responsibility of leading the talented team at Standard Chartered in Bangladesh.”

“We have great ambitions for our business here,” he was quoted as saying in a media release.