HSBC appoints Mohammed Al Marzouqi as head of global banking in the UAE

HSBC has appointed Mohammed Al Marzouqi as the head of global banking in the UAE, subject to regulatory approval.

The newly created role within the bank reflects its ambition to grow the business in the UAE and across the Middle East, North Africa and Turkey (MENAT).

Mohammed was previously head of Abu Dhabi coverage for HSBC global banking.

HSBC is investing to support its corporate and institutional clients in the UAE with their transactional and investment banking needs, and has plans to expand its market leading capabilities in sustainable finance, smart infrastructure, and digital trade and capital flows.

Mohammed will play a key role in the delivery of this strategy and in managing HSBC’s relationships with its global banking clients in the UAE. He will report to Abdulfattah Sharaf, CEO of HSBC UAE and head of international, HSBC Bank Middle East Limited, and Gareth Thomas, HSBC’s head of global banking in MENAT.

Abdulfattah Sharaf said: “Mohammed has been a driving force behind the success of HSBC’s Global Banking business in the UAE for many years. His appointment not only underlines HSBC’s commitment to nurturing the development of Emirati talent but also demonstrates how we are expanding our support for the long-term plans of our largest customers in the UAE, helping them prosper sustainably for decades to come.”

Mohammed has spent his entire career with HSBC and has over 18 years of corporate and investment banking experience across the MENAT region.