Head of Sabb bank may step down from post

Head of Sabb bank may step down from post. (GETTY IMAGES)

The head of Sabb bank, HSBC's Saudi affiliate, is likely set to step down from his current role after a little over a year in the job, sources familiar with the situation said yesterday. Richard Groves was appointed Chief Executive Officer in March 2009. "He's likely to leave, the bank is working on finding a replacement," said one banker who wished not to be named.

 

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