Deals
HSBC, Credit Suisse CEOs Follow Dimon and Ditch Saudi Conference
- Flint, Thiam and StanChart’s Winters all withdraw from event
- HSBC and Credit Suisse are strategic partners of conference
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The chief executive officers of HSBC Holdings Plc and Credit Suisse Group AG became the latest top bankers to abandon an investment conference in Saudi Arabia as pressure grows on the kingdom amid allegations it killed a dissident journalist.
HSBC CEO John Flint will not be attending the Future Investment Initiative event in Riyadh next week, spokeswoman Heidi Ashley said, and nor will Credit Suisse’s Tidjane Thiam, according to a person familiar with the matter. Both banks, among the biggest in Europe, are strategic partners of the conference and have close ties to Saudi Arabia. Standard Chartered Plc chief Bill Winters has also pulled out, a spokesman wrote in an email.