Michael Geoghegan, HSBC Group Chief Executive Officer, said, "This senior appointment reflects the significant strategic importance we attach to both our global Amanah franchise and our regional Global Banking and Markets platform."
The Group in the Middle East is represented by a number of successful franchises most notably HSBC Bank Middle East, Saudi British Bank (SABB), HSBC Bank Egypt, all of whom maintain market leading positions.
Stuart Gulliver, Chief Executive of Global Banking and Markets, added, "Mukhtar has significant experience both within the Group and in the region having spent 13 years previously in building a market leading Global Banking business. He will lead the continued build out of our Global Banking and Markets franchise in these critical markets."
Hussain responsibilities within Global Banking and Markets will encompass regional Principal Investments, Private Banking and Asset Management.
Hussain joined HSBC in 1982 and has held a number of senior management positions, most recently as Global Head of Principal Investments within Global Banking and Markets.
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HSBC appoints Mukhtar Hussain as Global CEO of HSBC Amanah and CEO Global Banking and Markets, MENA
- United Arab Emirates: Sunday, April 06 - 2008 at 08:37
HSBC announced it has appointed Mukhtar Hussain Global CEO of HSBC Amanah and CEO Global Banking and Markets, Middle East and North Africa, effective 5 May, 2008.
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HSBC Holdings plc serves over 128 million customers worldwide through around 10,000 offices in 83 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of some $2,354bn at 31 December 2007, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.
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HSBC Global Banking and Markets is an emerging markets-led and financing-focused wholesale bank that provides tailored financial solutions to major government, corporate and institutional clients worldwide. Global Banking and Markets has offices in more than 60 countries and territories. Managed as a global business, HSBC offers clients geographic reach and deep local knowledge. For more information on Global Banking and Markets, please visit www.hsbcnet.com.
Anne-Birte Stensgaard, Senior News EditorSunday, April 06 - 2008 at 08:37 UAE local time (GMT+4)
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