Jul 31 2011 |
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HSBC Appoints Regional Head Of Retail Banking And Wealth Management
DUBAI July 31st 2011 - HSBC has appointed Francesca McDonagh to the role of Regional Head of Retail Banking and Wealth Management for the Middle East and North Africa.
"This is a tremendously exciting time to be arriving in the MENA region," said McDonagh. " HSBC has the largest presence of any international bank, with over 250 branches in 14 countries: this is a region of great potential.
" HSBC enjoys significant competitive advantages in this region: no other bank has such a comprehensive regional presence; no other bank offers the seamless connectivity to global best-in-class banking and wealth services; and this in a region where international connectivity is absolutely crucial to giving customers the depth and breadth of financial services that they require."
Francesca will be based in Dubai, and comes to the region from Hong Kong, where she had been Head of Personal Financial Services since 2009, leading the bank's retail business in the HSBC Group's most profitable market.
Simon Cooper, HSBC 's CEO for MENA, added:
"The experience of managing Hong Kong, where HSBC operates one of the world's most sophisticated and high quality retail banks, will be invaluable in taking the MENA business forward. Francesca will be leading the delivery of a world-class suite of services to our MENA customers, and continuing to place the MENA region at the heart of HSBC 's Emerging Market strategic focus."
Prior to Hong Kong, Francesca was Head of Personal Financial Services in Panama, a position she held from January 2007. She was responsible for the overall retail banking strategy in Panama following HSBC 's acquisition of Grupo Banistmo S.A. in 2006.
Francesca joined HSBC in 1997 and has held a number of posts including Director of Premier at HSBC Mexico and Senior Vice President of Personal Banking in Indonesia. She has also worked in Egypt and the UK in corporate finance and personal banking.
She holds a Bachelor of Administration (Honours) from the University of Oxford in Philosophy, Politics and Economics.
-Ends-
HSBC
in MENA
HSBC
is the largest and most widely represented international bank in the Middle East.
HSBC
Bank Middle East Limited has 50 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait, Jordan, Lebanon, Pakistan, Algeria and the Palestinian Autonomous Area. In addition to the branch network
HSBC
maintains a representative office in Tripoli, Libya. This extensive regional coverage is strengthened by
HSBC
Bank Egypt SAE;
HSBC
Saudi Arabia Limited; SABB Takaful Co.; and Dar Es Saalam Investment Bank.
Enquiries:
Tim Harrison
tim.harrison@hsbc.com
+971-4-423-5632
© Press Release 2011
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