HSBC Private Banking appoints new Qatar head

News Team, 04/08/2021

HSBC has named Ibrahim Al Abed as head of private banking, Qatar.

He will lead the bank’s private banking business and look to enhance HSBC’s client proposition in the country.

Mr Al Abed has 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 and personal banking, after which he joined markets and securities services in 2004 to become the head of corporate sales.

He will report to Sobhi Tabbara, global market head Middle East and North Africa, private banking, and Abdul Hakeem Mostafawi, chief executive of HSBC Qatar.

Mr 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.”

Mr 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 wealth management and personal banking, commercial banking, global banking and markets and security services in the region.

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