HSBC names new global banking head for Mena
Dubai, June 3, 2010
HSBC said it had appointed a new head of its global banking and markets division for the Middle East and North Africa (Mena) region, who will focus on key markets in Saudi Arabia, Egypt and Abu Dhabi.
Mohammad Al Tuwaijri, a Saudi national, joins HSBC from JP Morgan, where he was managing director and head of Saudi Arabia for the bank. Prior to that, Tuwaijri was treasurer at SABB , HSBC's affiliate in the kingdom, a statement said.
"This is an important region for the group, and we have identified key markets to focus on across the different products and services. These are mainly Saudi Arabia, Egypt and Abu Dhabi," Tuwaijri told Reuters by telephone.
"We think M&A (mergers and acquisitions) is a natural next move in the region, and particularly we could see more cross-border deals."
Tuwaijri will report directly to HSBC's regional chief executive Simon Cooper, and functionally to Samir Assaf and Robin Phillips, heads of Global Markets and Global Banking respectively, based in London, the statement said. – Reuters
More Finance & Capital Market Stories
- Emaar proposes 15pc cash dividends
- ABG units win top Islamic finance award
- Finance House approves 25pc cash dividends
- Qatar 'most expensive country in Gulf'
- Egypt regulator sets rules for index
- Dubai Islamic eyes Kenya, Indonesia for expansion
- ADCB to buy back 3pc of its shares
- GCC insurance growth outpaces developed markets
- Bahrain 'faces budget deficit, inflation challenges'
- Global Payment Services wins key certification
- BBK unveils big India expansion plans
- Kuwait GDP growth to hit 3.5pc in 2014
- Gulf shares tumble over EM exposure cut
- GCC bonds to gain from macro-economic climate
- French Business Council Dubai members up 18pc
- Egypt economy growth seen less strong than thought
- Sharjah approves $4.2bn budget for 2014
- Saudi non-oil sector posts solid growth in Feb
- Seera total income rises to $34m
- NBAD approves 40pc cash dividends
- NBAD sees 8-10pc loan growth
- Al Basel Group launches investment arm
- Union Insurance posts $18m profit
- Oman warns banks on conflicts of interest
- Japan to lend Tunisia $480m
- 400 to join anti-laundering seminar in Riyadh
- Lebanese insurer to head Prague Club
- UAE's first REIT plans $135m IPO
- Bahrain banking industry outlook 'positive'
- New India Assurance opens Bahrain branch