HSBC names chairman for Middle East

MANAMA: Samir Assaf has been appointed chairman of the boards of HSBC Bank Middle East (HBME) and the HSBC group’s principal regional subsidiary, HSBC Middle East Holdings (HMEH), with effect from May 1.

Mr Assaf succeeds David Eldon, who steps down at the end of April after almost 10 years as chairman, a period that caps his long association with the group in the Middle East, which extends for more than 50 years.

He is currently HSBC’s chairman of corporate and institutional banking, previously had oversight of the MENAT region while sitting on the group executive committee during his nine years as chief executive of the bank’s global banking and markets division.

A member of a number of HSBC boards, Mr Assaf brings a wealth of international banking experience and a deep understanding of the region to his new role as chairman of HBME and HMEH.

Source: https://www.gdnonline.com/Details/942265/HSBC-names-chairman-for-Middle-East