Doha: HSBC has appointed Ibrahim Al Abed as Head of Private Banking, Qatar, to lead the bank’s private banking business in the country.
Based in Qatar and effective from July 4, 2021, Al Abed will report to Sobhi Tabbara, Global Market Head Middle East and North Africa, Private Banking, and Abdul Hakeem Mostafawi, CEO of HSBC Qatar.
Al Abed will be responsible for further enhancing HSBC’s client proposition in Qatar.
HSBC is strongly positioned to service global private banking clients thanks to its vast international network, which spans 64 markets globally, and by providing them access to other areas of the bank, including commercial and global banking. Among HSBC’s key offerings are unrivalled access to Asia and a focus on ESG investments.
Commenting on the appointment, Mostafawi said: “We are delighted to have Ibrahim head up Private Banking in Qatar. During his time at HSBC, Ibrahim has developed strong client relationships and gained a reputation within the region as providing valuable counsel during unprecedented times.”
Al Abed will begin his new role with over two decades of banking experience at HSBC, having joined the bank’s Qatar office in 1999.
During his tenure, he 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.
Tabbara added: “Qatar is a very important market for Private Banking in MENAT and I am confident that Ibrahim will be of great value in leading the business and taking care of our valued clients in the country.”
HSBC’s history in Qatar spans 67 years. The bank offers a full suite of banking products and services that include wealth management and personal banking, commercial banking, global banking and markets and security services.
