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HSBC has appointed Mohammed Al Marzouqi as Head of Global Banking in the United Arab Emirates (UAE), subject to regulatory approval.
This is a newly created role within HSBC, which reflects the bank’s ambition to grow its business in the UAE and across the Middle East, North Africa and Turkey (MENAT), strengthening its position as the region’s leading international bank. Mohammed was previously Head of Abu Dhabi Coverage for HSBC Global Banking.
HSBC is investing to support its corporate and institutional clients in the UAE with their transactional and investment banking needs, and has plans to expand its market leading capabilities in sustainable finance, smart infrastructure, and digital trade and capital flows. Mohammed will play a key role in the delivery of this strategy and in managing HSBC’s relationships with its Global Banking clients in the UAE.
Mohammed will report to Abdulfattah Sharaf, CEO of HSBC UAE and Head of International, HSBC Bank Middle East Limited, and Gareth Thomas, HSBC’s Head of Global Banking in MENAT.
Abdulfattah Sharaf said: “Mohammed has been a driving force behind the success of HSBC’s Global Banking business in the UAE for many years. His appointment not only underlines HSBC’s commitment to nurturing the development of Emirati talent but also demonstrates how we are expanding our support for the long-term plans of our largest customers in the UAE, helping them prosper sustainably for decades to come.”
Mohammed Al Marzouqi added: “I am incredibly proud to be taking on the leadership of HSBC’s Global Banking business in the UAE at such an important moment in the nation’s history. My priority is ensuring we are moving at pace for customers, connecting them to the capital and expertise that will support their next phases of growth.”
Mohammed has spent his entire career with HSBC and has over 18 years of corporate and investment banking experience across the MENAT region.
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Media enquiries to:
Edward Moore
+971 4 423 6610
edward.j.moore@hsbc.com
HSBC in the MENAT region
HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Turkey (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Turkey and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi British Bank (SABB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$68.9bn as at 31 December 2020.
© Press Release 2021
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