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 New Chairman, HSBC Bank Oman
The Board of Directors of HSBC Bank Oman S.A.O.G. (the "Board") wish to announce that Mr. Simon Cooper, Chairman of HSBC Bank Oman has taken on a new role as a Group Managing Director and Chief Executive, Global Commercial Banking, HSBC Group in London and has therefore resigned from the Board with effect from today. As a result, the Board are delighted to announce the appointment of Mr. David Eldon CBE JP as Chairman of the bank effective today, until the next General Meeting.

Mr. Eldon has a long and distinguished career in banking.  He is Chairman HSBC Bank Middle East Ltd, Senior Adviser, PricewaterhouseCoopers Hong Kong; and Senior Independent Director of the Noble Group.  He joined HSBC Bank Middle East (formerly The British Bank of the Middle East), a principal member of the HSBC Group, in 1968. In January that year he took up his first position in Dubai, remaining in the Middle East undertaking a variety of roles in different countries, including Oman, until 1979, when he was transferred to the Group's operations in Hong Kong.  In 1984 Mr. Eldon was appointed Deputy Managing Director of The Saudi British Bank.  He returned to Hong Kong in 1987 with responsibility for the Group's largest multinational corporate clients and at the end of 1988 he was appointed Chief Executive Officer Malaysia.  In 1990 he was appointed a General Manager of the Group.  He returned to Hong Kong in April 1992 where, after a temporary assignment as General Manager Hong Kong and China, he took up the position of General Manager in The Hongkong and Shanghai Banking Corporation's International department.  Mr. Eldon was made an Executive Director of HSBC Asia Pacific in January 1994, Chief Executive Officer in January 1996 and Chairman in January 1999.  In June 1996 Mr. Eldon became Chairman of Hang Seng Bank, a member of the HSBC Group, and was appointed a director of HSBC Holdings plc. on 1 January 1999.  He retired from the Group in May 2005.  He was Adviser to the previous President of South Korea, and a former Chairman of the Hong Kong General Chamber of Commerce.

Mr. Eldon is a Fellow of the Chartered Institute of Bankers (FCIB).  Mr. Eldon was conferred Honorary Doctor of Business Administration by the City University of Hong Kong in November 2003.  He was named the DHL/SCMP Hong Kong Business Person of the Year for 2003 and in 2004 was awarded the Gold Bauhinia Star (GBS) by the Government of the Hong Kong SAR.  In 2005 he was made a Commander of the British Empire (CBE) for his contribution to banking, and awarded Honorary Citizenship of Seoul in recognition of his work for the city.  He was awarded the Asian Banker Lifetime Achievement Award for 2005.  Mr. Eldon is a Justice of the Peace (JP).