Move falls in line with HSBC's drive to nurture and develop Emirati leaders
Dubai, UAE: HSBC Bank Middle East Limited has announced the appointment of Marwan Hadi as Head of Retail Banking and Wealth Management (RBWM) in the UAE.
In his new role, Hadi will be responsible for implementing HSBC’s retail banking and wealth management strategy for the UAE. He will oversee the bank’s digital transformation initiative, as well as lead the extensive customer experience improvement drive, to help deepen relationships with existing customers, and acquire new customers to grow the franchise further.
Commenting on the appointment, Abdulfattah Sharaf, Group General Manager, Chief Executive Officer of the UAE and, Head of International, HSBC Bank Middle East Limited, said: "Marwan has extensive banking experience and knowledge gained through leading a number of important responsibilities during the last 12 years working at HSBC. Undoubtedly, his local expertise will be instrumental in driving the growth of our retail banking business in the UAE; a priority market for HSBC regionally and globally."
Over the last 12 years, Marwan has undertaken a number of senior leadership roles at HSBC across both retail and commercial banking, including as Managing Director, MEFCO and Head of Business Management, Commercial Banking. Prior to taking on the new role, Marwan led the sales and distribution teams as Head of Network, RBWM, UAE, where he was responsible for the realignment of the Premier Relationship Manager model to create a more customer-centric client management service, and for increasing the productivity of the network
"This appointment represents yet another example of HSBC's commitment to nurture local Emirati talent, with an aim to create a sustainable pipeline of highly qualified Emirati leaders in the finance and banking sector,” added Sharaf.
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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 9 countries across the region. HSBC has operations in the United Arab Emirates, Egypt, Qatar, Oman, Bahrain, Kuwait, Lebanon and Algeria. 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.
This presence, the widest reach of any bank in the region, comprises some 250 offices and around 11,000 employees. In the year ending 31st December 2016, HSBC in the MENA region made a profit before tax of US$ 1.5bn.
© Press Release 2017