(MENAFN- Muscat Daily) HSBC Bank Oman last week announced the appointment of David Eldon as chairman of the bank.
This change was prompted by the move of outgoing chairman, Simon Cooper, who is taking on a new role as group managing director and chief executive, Global Commercial Banking, HSBC Group and will be based in London, UK.
Upon leaving his position as chairman, Cooper said, ''It has been a privilege to serve HSBC Bank Oman through a pivotal period in its history, which has seen it transform into one of the leading banks in Oman. I am confident that under David Eldon's chairmanship, with his longstanding experience in the global financial services industry, the bank will continue to prosper.''
Eldon said, ''I am delighted to take on the role of chairman for HSBC Bank Oman. Having started my HSBC career with The British Bank of the Middle East, during which I also spent time in the sultanate, it is a country for which I have a great deal of warmth and affection. The HSBC Group has been in Oman for over 65 years. Its investment in the country and its people remain as important as ever and we are committed to our role in the development and support of the local financial industry.''
Eldon brings nearly 50 years of banking experience mostly within the HSBC Group, starting his career in HSBC Bank Middle East in 1968, and serving in UAE, Oman, Bahrain, Saudi Arabia and Yemen.
In 1984, he was appointed deputy managing director of the Saudi British Bank (SABB).
In 1988, he became chief executive officer of HSBC Malaysia and also held various senior roles in Hong Kong, including general manager in The Hongkong and Shanghai Banking Corporation's International department.
Eldon then rose to become chief executive officer of HSBC Asia Pacific in 1996 and then its chairman in 1999, the press release added.<
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