HSBC Middle East appoints new chairman – The National

HSBC Middle East appoints new chairman – The National

HSBC Middle East has appointed Abdulfattah Sharaf as its new chairman while Mohamed Al Marzooqi will succeed him as the bank's UAE chief executive, as the lender seeks to expand its presence in the region.

Europe’s largest lender is looking to boost growth in the Middle East, North Africa and Turkey (Menat) region as economies recover from the coronavirus pandemic.

Mr Sharaf takes on the new role after serving as the chief executive of HSBC UAE for 13 years. He has combined the role with oversight of the bank’s operations in Algeria, Bahrain and Kuwait as head of international since 2017, the bank said in a statement.