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Report: HSBC MENA CEO quits to serve in Saudi government

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Report: HSBC MENA CEO quits to serve in Saudi government

Mohammad Al Tuwaijri, CEO of HSBC Holdings Plc's Middle East and North Africa operations,stepped down from his role after the Saudi Arabian government appointed him deputyminister of economy and planning, effective immediately, Bloomberg News reportedMay 8, citing HSBC spokesman Paul Harris.

Al Tuwaijri, who has served as CEO since October 2013, will be replaced on an interim basisby Robin Jones, deputy CEO of the bank's MENA business. A permanent CEO will benamed in due course, Harris reportedly said.