J.P. Morgan announces new appointments for its Global Corporate Bank in the Middle East
Apr 04, 2012
London – April 4th, 2012 – J.P. Morgan announced the appointment of Abdulaziz Al Helaissi as head of the Global Corporate Bank (GCB) for the Middle East and North Africa (MENA) and the hiring of Declan Hegarty as senior banker for its global corporate bank division covering the UAE.
Commenting on the appointments Sjoerd Leenart, Senior Country Officer for the MENA region, said: “The Global Corporate Bank plays a crucial role in delivering J.P. Morgan's broad product offering to our clients. I am delighted that a strong leader such as Abdulaziz will be driving this effort across the region and pleased to welcome Declan, whose wealth of experience and deep knowledge of the market will be very valuable to our clients.”
Mr. Al Helaissi takes on this role in addition to his current responsibility as Senior Country Officer for Saudi Arabia. He will lead the GCB’s coverage and drive the business growth agenda across the MENA region. He will continue to be based in Riyadh and will report functionally to Jose Linares, head of GCB for J.P. Morgan in EMEA and regionally to Sjoerd Leenart. He joined the firm in 2010 and previously held senior roles at Saudi British Bank and Arab National Bank.
Mr. Hegarty joins from HSBC where he was most recently Head of Business in Abu Dhabi, responsible for all local business lines including Global Banking and Markets, Corporate Banking, Retail and Wealth Management. Declan has a wealth of experience across several wholesale financial service areas, including senior roles at HSBC in Capital Markets, Debt Finance and Advisory, and Project and Export Finance. He joins as a Managing Director and will report to Mr. Al Helaissi.
“These appointments will allow us to build on our corporate banking business and ensure clients continue to have access to the extensive balance-sheet and product capabilities of J.P. Morgan, drawing on the strength of our strong Investment Bank, Treasury & Securities Services and Asset Management businesses.” said Jose Linares.