The bank has named a long-standing stalwart to enhance HSBC’s client proposition in Qatar.
HSBC has named Ibrahim Al Abed as its head of private banking in Qatar, according to an announcement on Wednesday.
Based in Qatar, Al Abed reports to Sobhi Tabbara, global market head, Middle East and North Africa, Private Banking, and Abdul Hakeem Mostafawi, CEO of HSBC Qatar.
Al Abed joined the HSBC’s Qatar office in 1999 and has worked across Digital Business Services and Global Operations before moving to Wealth & Personal Banking, after which he joined Markets & Securities Services in 2004 to become the head of corporate sales.
In the announcement, Tabbara said Qatar is a «very important market for Private Banking in MENAT.»
HSBC’s history spans 67 years in the Gulf nation, where it offers a full suite of banking products and services, including wealth management and personal banking, commercial banking, global banking and markets, and security services.