In 1994, the bank’s head office was transferred to Jersey and in 1999 it was renamed HSBC Bank Middle East (HBME). In 2001, the Group’s shareholding in Egypt increased to 94.5 per cent. In June 2016, the bank confirmed that it had transferred its place of incorporation and head office from Jersey to the Dubai International Financial Centre. As a result of the transfer, HBME is now lead-regulated by the Dubai Financial Services Authority, but remains locally regulated in each of the countries in which it operates by the country’s Central Bank and its other regulators.
HSBC Bank Middle East Limited – Board of Directors
- Samir Assaf (Chairman)
- Stephen Moss
- Amina Al Rustamani
- Chris D Spooner
- David Dew
- John Bartlett
- John Raine
- Muna Al Gurg
- Neslihan Erkazanci