HSBC Holdings PLC (HSBA.LN), the banking giant, Friday announced the appointment of Samir Assaf as Chief Executive of its Global Banking and Markets business with effect from Jan 1, 2011. MAIN FACTS: -Assaf succeeds Stuart Gulliver who becomes Group Chief Executive on the same date. -Assaf, currently Head of Global Markets, will report to Gulliver and becomes a Group Managing Director, joining HSBC's Group Management Board. -Assaf also named his leadership team for Global Banking and Markets, also effective on Jan 1, 2011.

-As part of the evolution of the business, Global Capital Financing will be integrated into Global Banking and Markets in order to enhance its ability to serve its client needs.  -The expanded business will see Robin Phillips, who heads some of HSBC's largest client relationships, become Co-Head of Global Banking which will now incorporate Equity Capital Markets, Leveraged & Acquisition Finance and Project Finance Execution.

-Phillips will also have responsibility for key Global Banking and Markets strategic initiatives, including managing a family office partnership with Global Private Banking; cooperating with Commercial Banking to broaden relationships with the Commercial Banking client base; developing Global Banking and Markets infrastructure offering and commodity financing capability.

-Phillips will also chair the Global Banking and Markets Operating Committee in Assaf's absence. -Kevin Adeson will join Phillips as Co-Head of the enlarged Global Banking platform, he is currently Head of Global Capital Financing. -In Global Markets, Jose-Luis Guerrero and Spencer Lake will become Co-Heads of an expanded business which will now also incorporate primary responsibility for Debt Capital Markets and Asset and Structured Finance.

-Guerrero is currently head of Global Markets, EMEA and was previously Head of Global Markets for the Americas. He is currently head of Debt Capital Markets. -Shares at 0910 GMT down 0.61% at 662.50 pence.  HSBC Holdings Appoints Samir Assaf CEO, Global Banking And Markets," at 0911 GMT, misstated that Jose-Luis Guerrero is currently head of Debt Capital Markets in the final Main Fact. The correct version follows:)

LONDON (Dow Jones)--HSBC Holdings PLC (HSBA.LN), the banking giant, Friday announced the appointment of Samir Assaf as Chief Executive of its Global Banking and Markets business with effect from Jan 1, 2011.

MAIN FACTS: Assaf succeeds Stuart Gulliver who becomes Group Chief Executive on the same date. -Assaf, currently Head of Global Markets, will report to Gulliver and becomes a Group Managing Director, joining HSBC's Group Management Board.

-Assaf also named his leadership team for Global Banking and Markets, also effective on Jan 1, 2011. -As part of the evolution of the business, Global Capital Financing will be integrated into Global Banking and Markets in order to enhance its ability to serve its client needs.

-The expanded business will see Robin Phillips, who heads some of HSBC's largest client relationships, become Co-Head of Global Banking which will now incorporate Equity Capital Markets, Leveraged & Acquisition Finance and Project Finance Execution.

-Phillips will also have responsibility for key Global Banking and Markets strategic initiatives, including managing a family office partnership with Global Private Banking; cooperating with Commercial Banking to broaden relationships with the Commercial Banking client base; developing Global Banking and Markets infrastructure offering and commodity financing capability. -Phillips will also chair the Global Banking and Markets Operating Committee in Assaf's absence.  -Kevin Adeson will join Phillips as Co-Head of the enlarged Global Banking platform, he is currently Head of Global Capital Financing.

-In Global Markets, Jose-Luis Guerrero and Spencer Lake will become Co-Heads of an expanded business which will now also incorporate primary responsibility for Debt Capital Markets and Asset and Structured Finance. -Guerrero is currently head of Global Markets, EMEA and was previously Head of Global Markets for the Americas. Spencer Lake is currently head of Debt Capital Markets. -Shares at 0910 GMT down 0.61% at 662.50 pence.