HSBC Securities Services (HSS) has promoted Arindam Das to head of HSS, Middle East and Africa (MEA). Dass predecessor, Jayant Rikhye, has been appointed head of strategic planning, Saudi British Bank, the Saudi Arabian subsidiary of HSBC.
Das was previously regional head of custody and deputy head of HSS MEA.
Based in Dubai, Das has specific responsibility for the securities services business in 11 markets across these regions.
Das said: HSS has been the leading player in the securities services industry in the Middle East and has consistently invested in the regional business to build on its first mover advantage. I am delighted to take on the role of head of HSS MEA, at a time which is challenging but equally exciting.
Das will report to Cian Burke and Drew Douglas, co-heads of HSS. Cian said: Arindam has been instrumental in the development of the securities services industry in the MEA region. His efforts over the last five years have been recognised by regulators, customers and competitors alike and he is clearly the regions leading industry specialist. He is taking over at an important time for our business – we have emerged strongly from the economic downturn and are extremely well placed to take advantage of opportunities as confidence returns to the market over the coming months.