HSBC Appoints Selim Kervanci as Middle East CEO Amid Leadership Shake-up
People | Nov 25, 2024 | Zawya
HSBC announced a significant shake-up in its senior leadership team, with several important appointments effective January 1, 2025. Selim Kervanci has been appointed as the CEO of the Middle East, pending regulatory approval. Kervanci, a seasoned executive, has a long tenure with HSBC, including serving as CEO for HSBC Türkiye. He will report to Surendra Rosha and David Liao, Co-CEOs for Asia and the Middle East. Concurrently, Richard Blackburn has been designated as the Interim Group Chief Risk and Compliance Officer, following various senior risk management roles since joining HSBC in 2016. Blackburn's successor has yet to be named. Additionally, Celine Herweijer, the Group Chief Sustainability Officer, is stepping down at the end of December 2024. Julian Wentzel, presently Head of Global Banking, MENAT, will succeed Herweijer on an interim basis, and report to the Group CFO Pam Kaur.
Sectors
- Banking and Financial Services
Geography
- Middle East – Key leadership changes are occurring in HSBC's Middle East operations, specifically appointing a new CEO for the region.
- Türkiye – Selim Kervanci, appointed as the Middle East CEO, was previously CEO of HSBC Türkiye, highlighting the geographic relevance.
Industry
- Banking and Financial Services – HSBC operates within the banking and financial services industry, indicated by the leadership changes affecting key strategic regions and risk management.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Selim Kervanci | CEO, Middle East | People | Newly appointed CEO for the Middle East at HSBC, subject to regulatory approval. |
| Richard Blackburn | Interim Group Chief Risk and Compliance Officer | People | Appointed as an interim executive managing risk and compliance at HSBC. |
| Celine Herweijer | Former Group Chief Sustainability Officer | People | Stepped down from her role overseeing HSBC's sustainability initiatives. |
| Julian Wentzel | Interim Group Chief Sustainability Officer | People | Takes over from Celine Herweijer as interim head of sustainability. |
| HSBC | Company | Companies | A leading global bank making strategic leadership changes. |