Beirut, 23 April 2013: HSBC Bank Middle East Limited today announces that it has appointed Peter Yeates as Chief Executive Officer of HSBC Lebanon. Peter Yeates succeeds François de Maricourt, who was the Chief Executive Officer of HSBC Lebanon from 2009 to 2013.
Yeates joined the HSBC Group in 1983. Since becoming a part of the Group, he has gained extensive experience working across the Bank's businesses and the markets in which it operates, including the United Kingdom, United Arab Emirates, Hong Kong, USA, Philippines, France and Latin America.
Before moving to Lebanon, Yeates spent three years in Latin America as Head of Private Banking.
Simon Cooper, Deputy Chairman and Chief Executive Officer of HSBC Middle East and North Africa commented: "With over 29 years of banking experience with the Group, Yeates brings an exceptional track record of performance and achievement to the role. I have no doubt that his knowledge, experience and dedication will be of great benefit to HSBC's customers and stakeholders in Lebanon and the Middle East."
Peter Yeates, Chief Executive Officer of HSBC Lebanon, added: "I am delighted to join the strong and successful team at HSBC Lebanon. I am determined to maintain HSBC's long-standing reputation as a leading international Bank, and look forward to continuing the Bank's legacy of offering solutions that meet the needs of our customers."
HSBC in the MENA Region
HSBC is the largest and most widely represented international banking organisation in the Middle East and North Africa (MENA), with a presence in 14 countries across the region. HSBC has operations in the United Arab Emirates, Egypt, Qatar, Oman, Bahrain, Kuwait, Jordan, Lebanon, Pakistan, Algeria and the Palestinian Autonomous Area. In Saudi Arabia, HSBC is a 40% shareholder of Saudi British Bank (SABB), and a 49% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. In Iraq, HSBC holds a majority shareholding in Dar Es Salaam Investment Bank. HSBC also maintains a representative office in Libya.
This presence, the widest reach of any bank in the region, comprises some 295 offices and around 12,000 employees. In the year ending 31st December 2012, HSBC in the MENA region made a profit before tax of US$1,350m.
Diala Sobh
Tel: +961 (0)1 760 005 or +961 (71) 595 393
Email: dialasobh@hsbc.com
© Press Release 2013
