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Mr. Saal was formerly Senior Executive Vice President of HSBC Bank USA, as well as the President and Chief Executive Officer of Private Banking Americas with over $25 billion in assets under management and Head of the HSBC Bank USA Treasury, where he was responsible for managing a balance sheet with over $85 billion of total assets. Prior to the acquisition of Republic New York Corporation and Republic National Bank of New York by HSBC Holdings plc in 2000, he was named President of the Bank and Chairman of the Executive Committee of both the Bank and of Republic New York Corporation having been appointed at the end of 1998.
 He was voted as a Director and Vice Chairman of both the Corporation and the Bank in 1995. He joined Republic in 1982 as a trader. At the end of 1985, he opened Republic’s office in Uruguay and served as Chief Executive Officer of that office. He became General Manager of Republic’s Buenos Aires office and Regional manager for Uruguay and Argentina in 1988. He was transferred to Europe at the end of 1991. Based in Milan, he served as regional manager for continental Europe. During his tenure in Milan, Mr. Saal taught in the MBA program at the American University. In l994, he joined Safra Republic Holdings, S.A., a European private banking group of which Republic New York Corporation owned approximately 49%, as a general manager and member of the executive committee of Republic National Bank of New York (Suisse), Geneva, while retaining his positions at Republic National Bank of New York.
He received his Bachelor and Master of Arts degrees in economics from Hebrew University and attended the Ph.D. program in economics at the University of Chicago. Mr. Saal taught at the St. Xavier University MBA program and lectured for the American Chamber of Commerce, both in Italy, and for government-owned institutions in Latin American. |
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