Deutsche Bank today announced the appointment of Loïc Voide and Kees Hoving as Co-Chief Executive Officers (Co-CEOs) in the Middle East and Africa (MEA) based in Dubai, United Arab Emirates (UAE).
In addition to their role as Co-CEOs, Voide is appointed Head of the International Private Bank (IPB) MEA, Chief Country Officer (CCO) for the UAE and General Manager of Deutsche Bank AG Dubai (DIFC) Branch subject to regulatory approval. Furthermore, Hoving is appointed Head of the Corporate Bank MEA and Head of Corporate Coverage MEA.
Claudio de Sanctis, Global Head of the IPB and CEO Europe Middle East & Africa (EMEA) for Deutsche Bank, said: “Loïc and Kees are role models for client service across private and corporate clients in the Middle East and Africa. Their appointment underscores our ambition to grow our client franchise in a region where we continue to see potential for significant growth for a business with our footprint and capabilities.”
Voide joined Deutsche Bank’s Wealth Management division in 2015 to cover the Turkish market and was subsequently appointed Head of Wealth Management Russia and Eastern Europe. In 2018, he was appointed Head of Wealth Management MEA as well as Head of Deutsche Bank Geneva. Wealth Management became part of Deutsche Bank’s newly created International Private Bank in June.
Before joining Deutsche Bank, Voide held several senior management positions at UBS and Credit Suisse covering the Middle East and Turkey. He has over 30 years of private banking experience since beginning his career as a bank apprentice with the Swiss Bank Corporation (now UBS) in 1990.
Hoving joined Deutsche Bank in 2010 as Head of Corporate Transaction Banking in Germany. In 2013, he moved to the Netherlands as Head of the Corporate Banking business there and CEO of Deutsche Bank Nederland NV. In 2014, Hoving was appointed Head of Global Transaction Banking, responsible for EMEA (ex. Germany) based in Frankfurt. In 2016, he returned to the Netherlands as the CCO.
Prior to joining Deutsche Bank, Hoving held various senior positions over a 14–year period at Royal Bank of Scotland, Bank of America, JPMorgan and ING in London, Frankfurt, Moscow and Amsterdam.
Daniel Schmand, Global Head of Trade Finance & Lending and Head of the Corporate Bank EMEA, said: “Many of our clients in the MEA region choose us because we have a rare ability to meet both their corporate and personal banking needs. These appointments will enable us to make better use of the synergies we have within Deutsche Bank and to enhance our longstanding support for our corporate and private clients in the region.”
Deutsche Bank has operated in MEA for more than 100 years. Today, with over 500 staff spread across 14 offices in 10 countries, the bank offers a full range of Investment Banking, Corporate Banking, Asset and Wealth Management services to its clients in the region.
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Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
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Deutsche Bank AG, Dubai (DIFC) Branch is a branch of Deutsche Bank AG located and registered in the Dubai International Financial Centre (DIFC) in the Emirate of Dubai, United Arab Emirates, with registered no. 00062. Principal place of business in the DIFC: Dubai International Financial Centre, Gate Village, Building 5, PO Box 504902, Dubai, United Arab Emirates. Deutsche Bank AG, Dubai (DIFC) Branch is regulated by the Dubai Financial Services Authority (“DFSA”) and is authorized to provide Financial Services to Professional Clients only, as defined by the DFSA.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 20 March 2020 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir
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