People Moves

HSBC Names New MENA Global Private Banking Head, Other Senior Hires

Editorial Staff 3 October 2023

HSBC Names New MENA Global Private Banking Head, Other Senior Hires

Most of the new appointees previously worked for Credit Suisse.

HSBC has appointed a new head of its global private banking Middle East and North Africa business. The new figure is Aladdin Hangari, who takes over from Sobhi Tabbara who has announced he is leaving the bank to pursue new opportunities, it said in a statement yesterday.

The UK/Hong Kong-listed banking group also made a raft of other senior appointments, with the majority joining from Credit Suisse

Tabbara has led the business since 2012, expanding its coverage of the ultra-high net worth segment to markets such as Saudi Arabia, United Arab Emirates, Bahrain and Qatar. Both he and Hangari will serve as co-heads of the role until January next year to ensure a smooth transfer of responsibilities.

Prior to this new role, Hangari worked for 20 years at Credit Suisse, most recently as chief executive of Credit Suisse (Qatar LLC) and CEO of Aventicum Capital Management Holding.

Separately, HSBC has appointed another former Credit Suisse figure, Patrick D’Damico, as global market head for Qatar. Christian Hiller, Thomas Schaad and Simon Aeschlimann are also joining the Qatar team from Credit Suisse as relationship managers. They’ll be based out of Switzerland and integrated with HSBC’s existing desk based onshore in Qatar.

In another move to add to its offer from Switzerland, HSBC said it is appointing Kouroche Achtari as market head for “international Switzerland” – also coming from Credit Suisse. This role focuses on how the bank said it will enhance its coverage for Switzerland-based UHNW clients and family offices that have an international footprint. In Israel, meanwhile, HSBC has appointed Roy Mironi as desk head of Israel, reporting to Oren Ben Ishay, market head of Israel and head of the Tel Aviv rep. office. He previously worked for Deutsche Bank. 

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes