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Tue 26 Jul 2016 01:58 PM

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HSBC appoints Georges Elhedery as MENA CEO

Elhedery replaces Mohammad al-Tuwaijri, who joined the Saudi Arabian gov't as deputy minister of economy and planning in May

HSBC appoints Georges Elhedery as MENA CEO
(Getty Images)

HSBC Middle East said on Tuesday it had appointed Georges Elhedery as its chief executive for the Middle East and North Africa region with immediate effect.

Elhedery, who joined the bank in 2005 and was previously head of global banking and markets in the MENA region, will also join the board of HSBC Bank Middle East as deputy chairman, the bank said in a statement.

Elhedery's appointment is subject to regulatory approvals, it added.

He replaces Mohammad al-Tuwaijri, who in May joined the Saudi Arabian government as deputy minister of economy and planning.

The bank is expected to announce an appointment for the head of global banking and markets in the MENA region at a later date.

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