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Mahbub first local CEO for HSBC BD

March 25, 2020 00:00:00

Md Mahbub ur Rahman

The Hongkong and Shanghai Banking Corporation Limited on Tuesday announced that Md Mahbub ur Rahman has been appointed Chief Executive Officer of HSBC Bangladesh, with effect from 5 April 2020.

Mahbub will be the first local CEO for HSBC Bangladesh, said a statement.

In his new role, Mahbub will be leading HSBC's next phase of growth ambitions as itsolidifies its position as one of the leading international banks in Bangladesh, with strong leadership in trade finance.

Mahbub joined HSBC in 2002 and was previously Deputy Chief Executive Officer as well as Head of Wholesale Banking in Bangladesh. Prior to this he led HSBC's Commercial Banking business in Malaysia. Mahbub started his career with Standard Chartered Bank in Bangladesh.

He succeeds Francois de Maricourt, who will be moving on to a new role which will be announced in due course.

Commenting on the appointment, Matthew Lobner, Head of International & Head of Strategy & Planning, Asia-Pacific, HSBC said: "I am delighted that Mahbub will be leading our growing Bangladesh business. His depth of local and international experience, collaborative approach and strong leadership credentials will be key assets in strengthening our strategic positioning and pursuing our growth strategy in the country."

"I would also like to thank Francois de Maricourt for his leadership and significant contribution to the strong growth of our Bangladesh business during his five-years at the helm," Matthew said.

An MBA from The Kellogg-HKUST- a joint programme of The Kellogg School of Management and Hong Kong University of Science and Technology, he also has Bachelor and Master's degrees in Finance from University of Dhaka.

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