The British international bank HSBC yesterday placed Patrick George at the helm of its stock and bond markets department, according to the Reuters news agency. Of Lebanese origin, the latter therefore occupies a key position within the global banking and financial group, because it is up to him to oversee the trading operations of HSBC. He succeeds Georges Elhedery, also of Lebanese origin, who was promoted to the rank of chief financial officer of the HSBC group in January 2023.
Holder of a master’s degree in finance from Concordia University in Montreal in 1993, Patrick George founded FFA Private Bank, a Lebanese investment bank, a few months later. After being fully invested in it for two years, the banker was recruited by HSBC in 1996 as head of equities in emerging markets, bringing together countries in Eastern Europe, the Middle East and North Africa. Between 2008 and 2016, the latter served as the bank’s global head of equities, managing all sales, trading and financing activities. Patrick George was then promoted to head of stock markets in connection with the EMEA economic region, encompassing Europe, the Middle East and Africa. At the end of 2019, he then moved on to the position of Head of Bond Markets and Services (MSS) in Western Europe and North America.
The appointment of Patrick George comes alongside a wider overhaul of HSBC in the management of banking and stock markets. Moreover, this reshuffle comes shortly after the acquisition by HSBC of the British branch of Silicon Valley Bank (SVB) which went bankrupt at the beginning of March.
The British international bank HSBC yesterday placed Patrick George at the helm of its stock and bond markets department, according to the Reuters news agency. Of Lebanese origin, the latter therefore occupies a key position within the global banking and financial group, because it is up to him to oversee the trading operations of HSBC. He succeeds…
