HSBC has named Khalid Elgibaly as new head of retail banking and wealth management for the Middle East and North Africa (MENA) region.

Elgibaly will be replacing Francesca McDonagh, who moved to HSBC UK in January as head of retail banking and wealth management, according to Reuters.

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Prior to his current role, Elgibaly most recently served as chief executive of Standard Chartered in Pakistan.

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