HSBC Middle East names Samir Assaf as new Chairman

HSBC Middle East has appointed its chairman of corporate and institutional banking Samir Assaf to replace David Eldon who is resigning this month, Zawya reports.
Assaf will assume office on May 1st, the bank reportedly said. He is described as awash with international banking experience, as well as a deep understanding of the Middle East market.
Eldon is stepping down after 10 years in the position of chairman and more 50 years at the bank in the region. HSBC, present several international markets around the world, posted last year a 34 perc cent decrease in pre-tax profit to reach $8.78 billion.

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