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 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.
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.