HSBC has announced the appointment of Halla Sakr, as head of regional retail banking and personal financial services, Reuters has reported. Sakr is replacing Abdulfattah Sharaf who currently serves as CEO of the bank's UAE operations. Tim Harrison, spokesman of HSBC said the move highlights the growing importance of Egypt to the lender's Middle East business. HSBC has 80 retail branches and a large regional service centre in Egypt.
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