HSBC UAE appoints senior leadership as it accelerates growth in MENAT region, HRME News, ETHRWorldME

Abdulfattah Sharaf appointed Chairman of the Board HSBC Middle East Limited (HBME), succeeded by Mohamed Al Marzooqi HSBC UAE CEO as the bank accelerates its growth in the Middle East, North Africa and Turkey (MENAT) region.

Both appointments are effective May 1, 2023.

Abdulfattah chairs HBME’s board after 13 years as CEO of HSBC UAE, and since 2017 he has overseen the bank’s operations in Algeria, Bahrain and Kuwait as head of international.

Mohamed is a career banker with HSBC and has extensive experience in retail, commercial, corporate and investment banking since joining Emirates Bank in 2002, a role that saw him lead some of HSBC’s largest operations in the country. Key client relationships, most recently as Head of UAE Global Banking.

The Board’s appointment of Abdulfattah coincides with his 15th anniversary at HSBC Emirates Bank, where he joined in 2008 as Chief Executive, Personal Financial Services for the Middle East and North Africa, where he led its retail banking business. He succeeds Samir Assaf, who will continue as a non-executive director on HBME’s board and non-executive chairman of HBME’s holding company, HSBC Middle East Holdings BV.

“These appointments reflect the strength and depth of HSBC’s executive team in the UAE, and Abdul Fattah and Mohamed’s extensive experience in supporting clients as they expand internationally. Since we were the first bank to operate in the UAE 80 years ago, HSBC’s role in supporting growth and development is fundamental to their business as a bank,” said Samir Assaf, chairman of the board of HSBC Middle East Holdings BV.

These appointments directly support the HSBC Group’s strategic plan to expand its ambitions and accelerate its growth in the region.

“I look forward to continuing to work with Abdulfattah in his new role as Chairman of the HBME Board of Directors, and to supporting Mohamed in identifying how we can best build on our heritage to strengthen and deepen our long and enduring relationship here to create more Momentum across the UAE business as we implement HSBC’s strategy to accelerate MENAT’s growth,” said Stephen Moss, Regional Chief Executive Officer, HSBC MENAT.

Press Release – Zawya