HSBC Amanah appoints Global Head of Treasury Sales

Notes and media contacts

Media enquiries to Dina Kotby, Press & Communications Corporate Affairs on tel. 3906631

1. Salman Ashraf, CFA, Global Head of Treasury Sales, HSBC Amanah
Salman Ashraf joined HSBC Amanah from Dubai Islamic Bank in Dubai, where he was Head of Treasury & Financial Institutions. Prior to that he worked for various banks in the G.C.C., including Arab Banking Corporation in Bahrain as Head of Structured Products, and Standard Chartered Bank in Dubai as Unit Head of Corporate Treasury. During his 15 year career, Salman's experience has included Islamic Finance, Asset & Liability Management, Structured Products (both Islamic and conventional) and Portfolio Management. He has a MBA from IBA, Karachi and is a Chartered Financial Analyst (CFA).

2. HSBC Amanah
HSBC Amanah is the Islamic financial services division for the HSBC Group responsible for the development of Islamic financial products for distribution to customers of the HSBC Group. Its mission is to ensure that HSBC is the leading provider of value added Islamic financial products and services. Headquartered in London with regional representations in Bangladesh, Brunei, Indonesia, Malaysia, Saudi Arabia, Singapore, UAE, UK and USA, HSBC Amanah is uniquely positioned to understand, structure and deliver financial solutions that are compatible with the requirements of Shariah (Islamic law).

The HSBC Shariah Supervisory Committee comprises:
Justice (Retd.) Muhammad Taqi Usmani
Shaykh Nizam Yaquby
Dr. Mohamed Ali Elgari
Dr. Muhammad Imran Ashraf Usmani

3. HSBC Bank Middle East Limited
HSBC is the largest and most widely represented international bank in the Middle East. HSBC Bank Middle East Limited has 30 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait Jordan, Lebanon, and the Palestinian Autonomous Area, including an offshore banking unit in Bahrain. This extensive regional coverage is strengthened by another member of the HSBC Group HSBC Bank Egypt SAE, and by its associated companies, The Saudi British Bank and British Arab Commercial Bank Limited. In addition to its Middle Eastern network, the Bank has a representative office in Tehran, Iran.

4. HSBC Holdings plc
HSBC Bank Middle East Limited has been a principal member of the HSBC Group since 1959. Serving over 110 million customers worldwide, the HSBC Group has approximately 9,700 offices in 77 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$1,467 billion at 30 June 2005, 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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