Banking veteran Mukhtar Hussain to become HSBC (Singapore) chairman and director

Singapore

HSBC BANK (Singapore) has appointed Mukhtar Hussain as its chairman and director effective Oct 17, as the locally incorporated arm of The Hongkong and Shanghai Banking Corporation seeks to capture Asean business and deepen Singapore's role as a partner in the Belt and Road Initiative.

Mr Hussain, a HSBC veteran who joined in 1982, has been the head of Belt and Road Initiative (BRI) for HSBC Asia-Pacific since April 2018. Prior to that, he was chief executive officer for HSBC's businesses in Malaysia - a role he held since 2009.