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November 9, 2017

HSBC names new retail banking and wealth management head for UAE

HSBC Bank Middle East has appointed Marwan Hadi as the head of its retail banking and wealth management (RBWM) businesses in the UAE.

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GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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In the new role, Hadi will oversee the implementation of the bank’s RBWM strategies in UAE. He will manage digital transformation programme and will also head HSBC’s customer experience improvement drive.

Hadi has been associated with HSBC since 12 years and worked across retail and commercial banking sectors. He held leadership roles like managing director of MEFCO and head of business management in commercial banking division.

Prior to this appointment, Hadi was the head of network, RBWM, UAE and was responsible for increasing productivity of the network.

HSBC Bank Middle East group general manager, CEO of UAE and head of international Abdulfattah Sharaf said: “Marwan has extensive banking experience and knowledge gained through leading a number of important responsibilities during the last 12 years working at HSBC. Undoubtedly, his local expertise will be instrumental in driving the growth of our retail banking business in the UAE; a priority market for HSBC regionally and globally.”

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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