HSBC senior management appointment

Mr King has spent many years in senior financial services positions in the United Kingdom and the Middle East. From 1989-2001 he was Chief Executive of the London Metal Exchange, and between 2003-2005 he was Managing Director, Supervision and later Acting Chief Executive of the Dubai Financial Services Authority.

Commenting on the appointment, Mukhtar Hussain, HSBC's Co-Head of CIBM in the Middle East and North Africa, said "David brings a wealth of experience to HSBC, drawn most recently from his role in the DFSA, the independent regulatory agency established to underpin the ground-breaking Dubai International Financial Centre initiative. His appointment clearly demonstrates our continuing commitment to growing our capabilities on the ground in this dynamic region."

Mr King added "I am very excited to be joining HSBC as the Bank continues to build rapidly on its already substantial achievements in the Middle East. Dubai provides us with an ideal platform from which to serve our regional public and private sector clients, and our extensive regional reach provides a robust infrastructure enabling the Bank to meet all the needs of its clients."