Yerevan /Mediamax/. Astrid Clifford will be appointed CEO of HSBC Bank Armenia with effect from 1 February 2010.

The appointment is subject to the approval of the Central Bank of Armenia, Mediamax was told in HSBC Bank Armenia.

Astrid Clifford has been with HSBC Group for 19 years as an International Manager. During this time she has worked in Hong Kong, Taiwan, Vietnam, Oman, UAE, India, USA and the UK, holding various executive posts in most areas of banking, including Retail, Commercial, Operations, Audit, HR and Training.

Before coming to Armenia, Astrid Clifford was Regional Head of Insurance for HSBC Bank Middle East Limited, based in Dubai. She holds an undergraduate degree in Psychology and a Masters in Economics from the London School of Economics.

Tim Slater, who was the CEO of HSBC Bank Armenia, will take up a new role in Buenos Aires as Chief Risk Officer of HSBC Bank Argentina S.A.