HSBC Holdings has named Anshul Gupta as its head of mergers and acquisitions business for the Middle East and North Africa, replacing Omar Mehanna, who is taking a new role at the British bank's Saudi Arabian affiliate.
Gupta, who joined HSBC in 2005, is currently a managing director in the bank's corporate sector group and will remain responsible for that coverage along with his new role, the bank said in an internal memorandum seen by Reuters.
In his new role, Gupta will report to Paul Skelton, regional head of global banking and Alain Renaud, the bank's global head of M&A and co-head for its corporate finance business globally.
Mehanna is relocating to Riyadh as chief strategy officer for Saudi British Bank, a lender 40 percent owned by HSBC. Mehanna has advised on several deals in the region, including the take-over by France Telecom of Egypt's Mobinil in 2012. The appointments are effective on June 1, 2013, the memo stated.