HSBC has appointed Niall Booker as Deputy Chairman and Chief Executive Officer of HSBC Bank Middle East Limited with effect from 18 May 2006. He replaces David Hodgkinson who will take up the position of Group Chief Operating Officer, HSBC Holdings plc in London.
Mr. Booker joins from HSBC India where he was Group General Manager and Chief Executive Officer. Prior to working in India, he was Chief Executive Officer, International Private Banking, in the United States of America.
Since joining HSBC in 1981, Mr. Booker has gained extensive international experience, through undertaking a broad range of senior managerial roles within the Group. Over the years, he has worked in personal banking in Brunei and the UK, specialised finance in Hong Kong, banking operations in Abu Dhabi, trade finance and corporate Banking in Japan, in addition to holding the position of Chief Executive Officer of HSBC in Thailand.
Mr. Booker said: “I am pleased to have the opportunity to return to the Middle East during a period of unprecedented economic growth across the region, and I look forward to building upon the numerous achievements and solid foundations laid by David during his tenor with both The Saudi British Bank (SABB) and HSBC Bank Middle East Limited.”
Mr. Hodgkinson commented: “The Middle East region is a strategic priority for the HSBC Group, and I am delighted that aspects of my new role will allow me to represent the needs of both our regional customers and colleagues, at the highest levels within the HSBC Group. In recent years, we have built upon our stature as the largest international bank within the Middle East, by for example, expanding upon our regional footprint, introducing innovative banking services - such as HSBC Amanah, the HSBC Group global Islamic financial services; and by the establishment of a leading investment banking platform. It has been a privilege to lead a talented team of employees, and I wish Niall every success in his new role.”
HSBC has also announced the appointment of Antoine Cahuzac as Head of Global Banking – Corporate, Investment Banking and Markets, Middle East, HSBC Bank Middle East Limited. Antoine succeeds Mukhtar Hussain, who is also relocating to the Group’s London Head Office, to assume the position of Co-Head, Global Banking, HSBC Bank plc.
1. 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 31 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.
2. HSBC Holdings plc
HSBC Bank Middle East Limited has been a principal member of the HSBC Group since 1959. Serving over 125 million customers worldwide, the HSBC Group has around 9,500 offices in 76 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$1,502 billion at 31 December 2005, HSBC is one of the world’s largest banking and financial services organisations. HSBC is marketed worldwide as ‘the world’s local bank’.
3. HSBC Corporate, Investment Banking and Markets
HSBC Corporate, Investment Banking and Markets (CIBM) provides tailored financial products and services to major government, corporate and institutional clients. Within client-focused business lines, Corporate and Institutional Banking, Global Investment Banking, Global Markets and Global Transaction Banking, CIBM offers a full range of capabilities, including foreign exchange, fixed income, derivatives, risk advisory, investment banking financing, investment banking advisory, payments and cash management, trade services, and securities services. Further details can be found at www.hsbcnet.com.
4. Biographies: attached
