The British multinational bank HSBC this week named Patrick George as the head of markets and securities services, according to Reuters.
The Lebanese-born George is in a key position within the global banking and finance group, as he is in charge of overseeing HSBC's trading operations. He succeeds Georges Elhedery, also of Lebanese origin, who was promoted to the position of HSBC Group CFO in January 2023.
Patrick George graduated from Concordia University in Montreal in 1993 with a Master's degree in Finance.
A few months later he founded FFA Private Bank, a Lebanese investment bank.
Two years later, in 1996, George was recruited by HSBC as Head of Equities in Emerging Markets, covering Eastern Europe, the Middle East and North Africa.
Between 2008 and 2016, he served as the bank's global head of equities, managing all sales, trading and financing activities.
George was then promoted to Head of Stock Markets in the EMEA region, encompassing Europe, the Middle East and Africa.
Finally, at the end of 2019, he moved to the position of Head of Bond Markets and Services in Western Europe and North America.
George's appointment comes alongside a broader reshuffle at HSBC in the management of banking and equity markets.
The reshuffle also comes shortly after HSBC bought the UK arm of Silicon Valley Bank (SVB), which filed for bankruptcy in March.
This article was originally published in French in L’Orient-Le Jour.