Sherard Cowper-Coles. - Supplied picture

HSBC Bank Oman names new chairman; to pay 5 per cent dividend

Muscat: HSBC Bank Oman on Monday announced the appointment of Sir Sherard Cowper-Coles as its chairman following a recent meeting of the board of directors. This change was prompted by the resignation of outgoing chairman, David Eldon, who is assuming additional responsibilities elsewhere in the HSBC Group, according to a press release.

Upon leaving his position as chairman, David Eldon said, “It has been a privilege to serve HSBC Bank Oman through a pivotal period in its history, which has seen it transform into one of the leading banks in Oman. I am confident that under Sir Sherard’s chairmanship, given his long-standing experience in the region as a diplomat and latterly as a senior executive with HSBC Holdings in London, the bank will continue to prosper.”

Sir Sherard Cowper-Coles said, “I am delighted to take on the role of Chairman for HSBC Bank Oman. Having spent much of my career living and working in the region, and given my role as co-chair with Maqbool Sultan of the Omani British Friendship Association, Oman is a country for which I have a great deal of warmth and affection. The HSBC Group has been in Oman for...Read more...