Karim Tannir Takes Helm as HSBC MENAT Head of Banking
People | Feb 05, 2025 | Zawya
HSBC Holdings has announced the appointment of Karim Tannir as the Head of Banking for the Middle East, North Africa, and Türkiye (MENAT) region. This move is part of HSBC's ongoing restructuring strategy, emphasizing investment banking and wealth management in the Middle East and Asia. Tannir, who previously worked with JP Morgan for 25 years and joined HSBC in 2023, will oversee banking operations, reporting to regional and divisional leadership. For the past four years, HSBC has led the MENA region in ECM and DCM activities, and the bank remains a key player in the regional financial markets.
Sectors
- Banking
- Financial Services
Geography
- Middle East, North Africa, and Türkiye (MENAT) – The article emphasizes HSBC's restructuring strategy and leadership appointment within this specific geographic region.
- Asia – HSBC's restructuring strategy is also focused on Asia, highlighting its dual emphasis on both MENAT and Asia markets.
Industry
- Banking – The article focuses on HSBC's leadership changes and strategic emphasis on investment banking and wealth management in the MENAT region.
- Financial Services – The article mentions HSBC's performance in investment banking fees and ECM activities, indicating its significant role in the financial services industry.
Financials
- $107.3 million – The investment banking fees earned by HSBC in the MENA region during 2024.
- $2.3 billion – Proceeds from HSBC's MENA ECM deals, ranking second after EFG Hermes.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Karim Tannir | Head of Banking, MENAT | Person | New appointee with extensive experience in banking, previously with JP Morgan. |
| HSBC Holdings | Employer | Company | A global banking giant undergoing strategic restructuring in the MENAT region. |
| Selim Kervanci | Regional Leader, MENAT | Person | Leads HSBC's business across the MENAT region on an entity basis. |
| Jo Miyake | Head of Banking Division, Asia and Middle East | Person | Heads the banking division across Asia and the Middle East for HSBC. |
| EFG Hermes | Competitor | Company | Ranked first in MENA ECM deals according to LSEG data. |