HSBC Saudi Arabia has announced the appointment of a new leadership team as part of its strategic expansion in the Kingdom. Mohammed Fannouch and Faisal Qadri have been named Managing Directors and Co-Heads of Investment Banking, while Amir Bourani has been appointed as Managing Director and Head of Global Banking Coverage, effective immediately.
In their roles, Fannouch and Qadri will jointly oversee HSBC Saudi Arabia’s investment banking business, encompassing Equity Capital Markets, Debt Capital Markets, Mergers and Acquisitions, Debt Advisory, Infrastructure and Project Finance, and Issuer Services. Amir Bourani will lead the bank’s coverage platform.
Faris AlGhannam, CEO & Board Member of HSBC Saudi Arabia, commented on the appointments, stating, “These appointments support our ambitious growth plans in the Kingdom, reinforcing our leadership in advisory, client coverage, and transaction execution capabilities in Saudi Arabia for clients across HSBC’s global network. With a combined experience of almost 60 years in banking, Mohammed, Faisal, and Amir will work closely with teams across HSBC’s global network to deliver the full potential of HSBC’s competitive strengths for clients, particularly through our international connectivity.”
Mohammed Fannouch, who joined HSBC in Riyadh in 2008, brings 17 years of experience in the Middle East, including 15 years in Saudi Arabia, supporting clients in executing significant merger and acquisition and capital markets transactions.
With 23 years in banking, Faisal Qadri joined HSBC in the UAE in 2003 and has been based in Riyadh for 17 years. He has provided clients with Islamic financing, debt advisory, project finance, loan syndication, and debt capital markets expertise.
Amir Bourani, who joined HSBC in the UK in 2007 and relocated to the Middle East in 2014 before moving to Riyadh in 2020, has 16 years of banking experience. He has demonstrated strong leadership in Leveraged & Acquisition Financing and Coverage and has managed strategic client relationships.
HSBC Saudi Arabia, founded in 2005, aspires to be the premier investment banking and capital market services provider in the Kingdom. The institution, recognized with multiple awards, is a joint venture, with 51% ownership by HSBC Asia Holding BV and 49% by SAB.