Mr. Ashraf Mahmood Wathra was appointed as Governor, State Bank of Pakistan (SBP) with effect from April 29, 2014, for a period of 3 years.
Governor SBP Wathra is also Chairman of the SBP Board of Directors, which is a statutory body responsible for the general superintendence and direction of the affairs of the Bank. Moreover, he is also the Chairman of Monetary Policy Committee, an independent decision-making body responsible for formulating Monetary Policy. Prior to taking charge as Governor, he was appointed as Acting Governor on January 31, 2014.
Governor Wathra represents Pakistan in several international forums. He serves on the Board of Governors of the International Monetary Fund (IMF), Asian Clearing Union (ACU) and ECO Trade and Development Bank. He is also the council member of Islamic Financial Stability Board. Since July 1, 2015, Governor Wathra has been the co-chair of the Financial Stability Board - Regional Consultative Group for Asia (FSB-RCG Asia). He will serve as co-chair for a period of two years. Based at Basel, Switzerland, FSB is an international organization established to promote international financial stability by coordinating the work of national financial authorities and international standard setting bodies globally, and encouraging the implementation of the resultant regulatory, supervisory and other financial sector policies.
Governor Wathra holds important positions within Pakistan including the member of Monetary and Fiscal Policies Coordination Board, National Financial Inclusion Strategy (NFIS) Council, National Executive Committee on Anti Monetary Laundering (AML), and Chair of the Board of Institute of Bankers in Pakistan (IBP), NFIS Steering Committee, and Agricultural Credit Advisory Committee (ACAC).
Governor Wathra’s association with the SBP started when he assumed charge of the office of Deputy Governor, on March 11, 2013. The Federal Government notified his appointment as Deputy Governor, SBP on March 5, 2013 for a period of three years from the date he assumed office.
He brings 35 years of commercial, corporate and investment banking experience to his assignment. Prior to joining SBP, he has been associated with various international and national banks and worked in various regulatory regimes in leadership positions; including Singapore, Hong Kong, Australia, Bangladesh, Sri Lanka etc. He also served as a member of Board of Directors of Habib Finance International Hong Kong, Habib Finance Australia and as First Vice Chairman of Himalayan Bank Nepal for several years.
He had started his career with Grindlays Bank Plc in 1978 after completing his Masters in Business Administration.