Yerevan/Mediamax/. “It is an honor and at the same time a big challenge for me to lead HSBC in Armenia,” new Chief Executive Officer of HSBC Bank Armenia Thies Clemenz said at the official welcoming ceremony October 1.

Thies Clemenz replaced Astrid Clifford on the post of HSBC Bank Armenia CEO on August 29.

Thies Clemenz started his career at Deutsche Bank AG as a member of the Global Controlling Asset Management team in 1998. After holding various asset management functions at Deutsche Bank in Frankfurt, Paris and London, Thies Clemenz was appointed as COO and Managing Director of HSBC Global Assets Management (Germany) GmbH in 2005.

In August 2010, he moved to Luxembourg as CEO and Deputy Country Head of HSBC Trinkaus Investment Managers SA.

Thies Clemenz graduated with a degree in Business Management from the University of St. Gallen.