The Bank South Pacific has announced the appointment of Bharat Chovhan as Head of Financial Markets; in a bid to help customers to effectively manage their treasury needs, across foreign exchange and transactional banking.
Mr Chovhan joins the bank from a previous role as Head of Treasury Foreign Exchange Sales, B.S.P. Fiji, which he has held since September 2015. Prior to this, he was a Treasurer for B.S.P. Fiji from 2012 – 2015. Before he joined B.S.P. in 2011 Mr Chovhan was appointed as the Associate Director Treasury Eastern Pacific Region and Treasurer for Samoa with the A.N.Z. Bank Samoa managing a large corporate customer portfolio.
He has over 20 years’ direct experience in treasury markets, during which time he has built a strong reputation for his comprehensive approach to lending and FX markets and thorough understanding of the Pacific’s regulatory environment.
Mr Chovhan is tasked with leading B.S.P.’s dealer team here in Samoa, ensuring they provide customers with a superior suite of solutions across foreign exchange risk management, money markets and debt markets.
According to the General Manager, Mrs Lameko-Vaai, B.S.P. is pleased to be strengthening its expertise in treasury to more effectively serve customers at a local level.
“We’re operating in an ever-changing international landscape where customers’ transactional needs are becoming increasingly complex. Customers come to us with a variety of requirements, from needing to pay overseas stakeholders, to effectively managing foreign exchange related risks so they aren’t caught out by currency volatility,” she said. “This is something our Financial Markets team is well equipped to assist with, and with Bharat on board, we’re pleased to have an even stronger proposition than ever before.”
Mr Chovhan said he welcomes the opportunity to extend his experience in treasury and customer relationship management, and looks forward to dealing with a diverse base of customers locally.
“I am excited about leading Bank South Pacific’s Financial Markets team in Samoa and hope to enhance our ability to identify and deliver simple and effective solutions to meet the needs of our customers.”
Mr Chovhan formally began his new role on the 16th August and reports to the General Manager.