HSBC names new chief executive

HSBC has announced the appointment of Joseph Ghorayeb as its new chief executive in Bahrain, effective September 1.

Mr Ghorayeb succeeds Chris Russell, who is retiring after 18 years in HSBC of which the last three years have been in Bahrain.

A career HSBC banker who joined the group in Canada in 2006, Mr Ghorayeb has held leadership positions with HSBC in the UAE, Qatar and Bahrain – most recently as head of wholesale banking in Bahrain, a role to which he was appointed in 2022.

HSBC Group’s chief executive for the MENAT region Stephen Moss said: “I look forward to working with and supporting Joseph to deliver the next phase of growth of HSBC Bahrain and to build on its position as an important network market in a region where our ambitious growth agenda is delivering results. Joseph will build on firm foundations laid by Chris Russell, who has delivered exceptional results for clients in Bahrain over the last three years.”

Mr Ghorayeb said: “It is a privilege to be given the opportunity to serve as CEO of HSBC in Bahrain and to serve our clients in this market. HSBC’s origins in Bahrain extend back almost 80 years and I look forward to building on this strong foundation with the support of my very experienced team as we work to further enhance HSBC’s position as the leading international bank in the region.”

Source: https://www.gdnonline.com/Details/1287857/HSBC-names-new-chief-executive