In addition to his role as Chancellor, Sir Anand will chair the University of Waikato Council's People and Culture Committee and Honours Committee.
University of Waikato Vice-Chancellor, Professor Neil Quigley, said Sir Anand brought a wealth of knowledge to the University of Waikato.
"We are privileged to have the opportunity to work with such an outstanding New Zealander and the University will benefit enormously from Sir Anand's wisdom and experience," he said.
While Sir Anand commences his role as Chancellor this month, the University will formally welcome him with a pōwhiri and other formal events when the council meets in October.
Currently chairman of the Royal Commission of Inquiry into Abuse in Care, Sir Anand announced today he would step down from this role in November 2019. He has led the inquiry since February 2018.
Sir Anand succeeds Rt Hon James Bolger, who was Chancellor of the University of Waikato from 2007 to June 30 2019.