HSBC is pleased to announce that Mohammed Fannouch has been appointed Co-Head of Capital Markets and Advisory (CMA), Middle East, North Africa and Turkiye (MENAT), subject to regulatory approval. Fannouch will lead the business with Samer Deghaili, who has been Co-Head of HSBC’s investment banking business in the region since 2020. Together, they will be responsible for building on the strong foundations of HSBC’s market-leading franchise and driving its CMA strategy in the Middle East, comprising financing solutions, corporate finance, and strategic advisory.
Fannouch and Deghaili will continue to be based in Riyadh and UAE, respectively.
Fannouch has over 20 years’ experience in originating, advising and executing investment banking transactions in Saudi Arabia and across the region. Having joined HSBC in 2008, he has acted on some of the most significant ECM and M&A deals in the Middle East, most recently as Co-Head of HSBC’s investment banking franchise in Saudi Arabia.
Adam Bagshaw, Global Head, Capital Markets and Advisory, HSBC, said: “HSBC is in investing in areas of core competitive strength. With our MENAT CMA leadership now based in two key financial hubs, the UAE and Saudi Arabia, we will be even better placed to partner with our clients and support them as they navigate the region’s growth potential.”
Faris AlGhannam, Chief Executive Officer and Board Member, HSBC Saudi Arabia: “Saudi Arabia is an important market for the Group and a key driver of growth for our capital markets and advisory business in the Middle East. This appointment reflects our continued investment in the Kingdom, where we are the leading international investment bank. With Mohammed continuing to be based in Riyadh also as part of our Saudi leadership team, we are even better positioned to support our clients’ ambitions as they grow domestically and internationally.”
