In a series of high-level announcements this week, HSBC has appointed John Coverdale as global co-head of commercial banking and named new CEOs for its businesses in the Middle East and Korea.
Coverdale will be based in Hong Kong and will start his new job on April 6. He will oversee HSBC's relationships with middle market corporates and small- and medium-sized enterprises in Asia-Pacific and the Middle East.
He is currently managing director of SABB a local affiliate of HSBC in Saudi Arabia, deputy chairman of HSBC in Saudi Arabia and a board member of SABB Takaful a publicly traded joint venture between HSBC and SABB. During his career with HSBC...