HSBC names new Mid East boss

HSBC said it had appointed a new head of its global banking and markets division for the Middle East and North Africa, who will focus on key markets in Saudi Arabia, Egypt and Abu Dhabi. Mohammad Al Tuwaijri, a Saudi national, joins HSBC from JP Morgan, where he was managing director and head of Saudi Arabia for the bank.

Prior to that, Tuwaijri was the treasurer at SABB , HSBC’s affiliate in the kingdom, the bank said.

“This is an important region for the group, and we have identified key markets to focus on across the different products and services. These are mainly Saudi Arabia, Egypt and Abu Dhabi,” Tuwaijri said.