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HSBC Bank Oman names chairman

HSBC Bank Oman SAOG appointed Sherard Cowper-Coles a director and chairman of the bank.

He was most recently a senior adviser to the chairman and CEO of ultimate parent HSBC Holdings Plc and replaces David Eldon, who resigned to take on other roles elsewhere in the HSBC Group.

Apart from his new role, Cowper-Coles is also a director at HSBC Bank Egypt SAE, among other roles. He served from 2003 to 2007 as the U.K.'s ambassador to Saudi Arabia.