Breaking News
Get 40% Off 0
🔎 See NVDA's full ProTips for an instant risks or rewards Claim 40% OFF

HSBC boosts its Middle East business with new appointments from Credit Suisse

Published Oct 02, 2023 23:28
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
CSGN
0.00%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
CS
0.00%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

HSBC has announced a series of key appointments to strengthen its Global Private Banking operations in the Middle East and North Africa (MENA), Switzerland, Israel, and Qatar. The recent hires are part of a broader strategy to expand HSBC's ultra-high-net-worth (UHNW) client coverage in these regions.

Aladdin Hangari, a 20-year veteran of Credit Suisse (SIX:CSGN), has been appointed as the Head of Global Private Banking MENA, succeeding Sobhi Tabbara who will be leaving the bank in January 2024. Hangari previously served as CEO of Credit Suisse (Qatar LLC) and CEO of Aventicum Capital Management Holding AG. He will work in tandem with Tabbara until January to ensure a seamless transition.

Tabbara, who led HSBC's Global Private Banking in the MENA region since 2012, is credited with driving the expansion of UHNW coverage in key markets including Saudi Arabia, United Arab Emirates, Qatar, Kuwait, and Bahrain.

HSBC is also bolstering its presence in Qatar with the appointment of Patrick D'Amico as Global Market Head. D'Amico, along with Christian Hiller, Thomas Schaad, and Simon Aeschlimann, all join HSBC from Credit Suisse as Relationship Managers. They will be based in Switzerland and integrated with HSBC's established Qatari desk onshore in Qatar.

In Switzerland, Kouroche Achtari has been appointed as Market Head for International Switzerland. Achtari also joins from Credit Suisse and his appointment is part of HSBC's strategy to enhance its services for Swiss-based UHNW clients and family offices with an international footprint.

HSBC has also expanded its team in Israel with the appointment of Roy Mironi as the new Desk Head. Mironi joins HSBC from Deutsche Bank (ETR:DBKGn) and will report to Oren Ben Ishay, Market Head of Israel & Head of Tel Aviv Rep Office.

Gabriel Castello, Regional Head of Global Private Banking EMEA and CEO of the Swiss Private Bank, welcomed the new hires and praised Tabbara's contribution to HSBC, stating his leadership and vision have been instrumental in building out their impressive portfolio across the Middle East.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

HSBC boosts its Middle East business with new appointments from Credit Suisse
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email