HSBC UAE strengthens its senior leadership with new appointments

by Leandra Monteiro

Abdulfattah Sharaf appointed Chairman of the Board HSBC Bank Middle East Limited (HBME) and Mohamed Al Marzooqi succeed him as CEO of HSBC Emirates Bank as the bank accelerates its growth in the Middle East, North Africa and Turkey (MENAT) region. Both appointments are effective May 1, 2023.

“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 do business in the UAE 80 years ago HSBC’s role in supporting growth and development is fundamental to their business since the beginning of the year.” Samir Assaf, Chairman of the Board of HSBC Middle East Holdings BV.

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. 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.

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.

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