HSBC Appointed New FX Trading Leadership
The bank has appointed Mohamed Sami Fekih as head of MENA FX trading and promoted Tom Zhang to lead Asia FX for the Americas.
Updated on Oct. 12, 2026 in People
HSBC has announced the appointment of Mohamed Sami Fekih as its new head of MENA FX trading based in Dubai. Simultaneously, the bank promoted Tom Zhang, who joined the firm in 2022, to head of Asia FX trading for the Americas in New York.
Why it matters
These strategic leadership appointments reflect the bank's effort to strengthen its foreign exchange trading expertise in key international financial markets. By filling these roles with experienced personnel, the firm aims to maintain its competitive position in regional FX operations.
Mohamed Sami Fekih brings over 16 years of combined experience from his tenures at Citi and Standard Chartered. Tom Zhang adds to this transition with a seven-year background at Barclays before joining HSBC in 2022.
The players
Mohamed Sami Fekih
He is the newly appointed head of MENA FX trading at HSBC based in Dubai.
Tom Zhang
He is the newly promoted head of Asia FX trading for the Americas at HSBC based in New York.
HSBC
This multinational banking and financial services organization operates global markets and trading divisions.
The details
Mohamed Sami Fekih confirmed his new position as head of MENA FX trading via social media, solidifying his role in the Dubai office. Tom Zhang transitioned into his expanded role as head of Asia FX trading for the Americas, continuing his tenure at the institution from his base in New York.
Timeline
Tom Zhang joined HSBC in 2022.
Tom Zhang was promoted to his new role in October 2026.
This article was published on October 12, 2026.
Market Landscape
These appointments follow the broader industry trend of global banks seeking to deepen regional expertise to navigate complex international currency markets. This restructuring positions the institution to better align its trading desks with specific geographic liquidity demands.
These leadership changes primarily affect institutional clients and corporate partners who rely on the bank's FX desks for international currency transactions. Average retail customers are unlikely to see immediate impacts on their personal banking services from these specific trading desk adjustments.
The takeaway
Large financial institutions often cycle experienced leadership to maintain specialized knowledge across diverse global territories. This strategy helps firms stay agile in volatile markets while leveraging the expertise of veteran traders.
Further reading
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