HSBC Holdings named Paul Skelton as co-head of its global banking business for the Middle East North Africa (Mena) region, the lender said in a statement on Monday.

Skelton, who succeeds Tim Reid, was most recently deputy head of global banking for Asia-Pacific, handling the bank's major client relationships in the region.

He will join co-head Alain Renaud in Dubai and will report to Mohammad Al Tuwaijri, regional head of global banking and markets and private banking, the bank said.

Tim Reid will become the regional head of corporate banking at the European lender. – Reuters