News

HSBC hires securities head in MENA

HSBC DubaiKapil Seth, formerly the head of securities services in India for HSBC, is the company's new regional head of securities services for the Middle East and North Africa (MENA).

He replaces Arindam Das, who has taken on a different role in the bank.

Based in Dubai, Seth will report to Cian Burke, global head of the securities business, and Georges Elhedery, head of global banking and markets for the MENA region.

Seth joined HSBC in 1996 and has worked in various roles in the global banking and markets business, taking on leadership of the Indian securities business in 2008.

HSBC Securities Services has a dominant position in the MENA region, though its competitors have been competing aggressively on price in recent years.

©2016 funds global mena

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