HSBC has strengthened its debt capital markets leadership across the Middle East, North Africa and Türkiye (MENAT), appointing Ahmed Taha and Yannick Lakoue-Derant as Co-heads of MENAT Debt Capital Markets.
Taha will be based in Dubai and is due to join HSBC in October from Standard Chartered, where he was a senior debt-capital-markets banker focused on financial institutions. Standard Chartered has also recognised Taha among its 2026 Managing Director cohort.
Lakoue-Derant will join HSBC in September, based in Riyadh, following a lengthy career at Société Générale. He most recently served as Global Head of Export Finance and Emerging Markets Syndicate, giving him experience across emerging-market debt, syndication and structured financing. His move adds further senior emerging-markets expertise to HSBC's regional DCM platform.
Together, Taha and Lakoue-Derant will oversee HSBC's DCM business across a broad MENAT footprint, covering the Gulf states, North Africa and Türkiye. Their appointments follow the departure of Khaled Darwish, the bank's former head of CEEMEA DCM, who moved to Bank of America, as well as the departure of senior DCM banker Nour Safa, who joined Goldman Sachs.
HSBC has also expanded the responsibilities of Ali Taufeeq, naming him Head of Sukuk and Islamic Financing Solutions for MENAT. Taufeeq has been a prominent figure in the region's sukuk market and previously served as HSBC's Head of Sukuk Financing. In 2025, he was involved in more than 40 sukuk transactions, with HSBC highlighting its role in opening new markets, issuers, currencies and structures.
The bank is simultaneously strengthening its sustainable-finance capabilities. Anjuli Pandit, HSBC's Global Head of Sustainable Capital Markets, is set to relocate to Dubai. Pandit has spent several years leading HSBC's sustainable-bonds activity across EMEA and the Americas and has been closely involved in the development of sustainable-finance markets in the Middle East, including Saudi Arabia.
The appointments underline the growing importance of the GCC as a base for HSBC's regional capital-markets business. Dubai and Riyadh will now house key senior DCM leadership, while the expanded sukuk and sustainable-capital-markets mandates strengthen HSBC's positioning in two of the region's fastest-developing areas of debt financing.
For HSBC, the reshuffle represents a broadening of its senior leadership bench rather than a single replacement exercise: Taha and Lakoue-Derant bring conventional DCM and emerging-markets expertise; Taufeeq expands the bank's Islamic-finance leadership; and Pandit's move to Dubai brings global sustainable-capital-markets expertise closer to the region's issuers and investors.
