EGYPT 16th May 2011: Andrew Long has been appointed CEO of HSBC Bank Egypt SAE, the bank announced today.
A highly experienced senior banker, Andrew was most recently Global Head of HSBC's Global Transaction Banking, a position he has held for the last four years.
Abdel Salam El Anwar, Chairman, HSBC Egypt, said:
"With significant senior banking experience and a strong track record, Andrew's appointment demonstrates the HSBC Group's commitment and investment in Egypt, a strategically important market for the Group, and for the region. His breadth of expertise will complement a strong management team, as they continue to deliver world-class HSBC solutions and services to Egyptian consumers and businesses."
"Egypt is the most populous country in the Middle East, and is a strong focus of attention in HSBC's emerging market strategy," said Long. "Working closely with my Egyptian colleagues, I look forward to bringing HSBC's international capabilities and services to our customers, helping them to build their business and manage their finances in this new phase of development in Egypt," commented Long.
HSBC Egypt reported a profit before tax of US$195 million in 2010, and has been named as one of HSBC Group's focus countries for investment and growth in the MENA region.
Appointed an HSBC Group General Manager in 2008, Andrew has been with the HSBC Group for more than thirty years. He brings a wealth of experience to the role, having held a number of senior positions across the Group, including serving as Chief Operating Officer, HSBC Asia Pacific, Head of Operations and Processing, Asia Pacific, and Regional Head of Payments and Cash Management in Asia and Trade Services in Europe.
-Ends-
HSBC Bank Egypt:
HSBC Bank Egypt S.A.E. was established in 1982 as Hongkong Egyptian Bank S.A.E. and adopted its present name in April 2001 following an increase in shareholding by the HSBC Group from 40% to 94.5%.
HSBC Bank Egypt S.A.E. is one of the largest multinational banks operating in Egypt, providing a comprehensive range of banking and related financial services through a network of 100 branches and outlets in prominent cities in Egypt."
Ahmad Othman
Manager, Regional Corporate Communications
HSBC Middle East and North Africa
Tel: 971 4423 5628
Email: ahmadothman@hsbc.com
© Press Release 2011
