Deutsche Bank today announced the appointment of Alanoud Alqahtani as General Manager of Deutsche Bank AG Riyadh Branch in Saudi Arabia.
As General Manager of Deutsche Bank’s branch in the Kingdom, Alqahtani will have oversight of the bank’s business activities regulated by the Saudi Central Bank (SAMA). Working closely with both business units and infrastructure teams, she will facilitate the ongoing delivery of Deutsche Bank’s product and service offering to its Saudi based clients, whilst ensuring strict compliance with regulatory requirements.
Alqahtani has over 15 years of professional local experience. She joined Deutsche Bank Saudi in 2016 as a Middle Office Manager in the Wealth Management department and subsequently appointed as Head of International Private Bank (IPB) Operations Saudi Arabia in 2019. She was appointed Chief Operating Officer in March 2021 overseeing the bank’s activities across all businesses and infrastructure functions. Prior to joining the bank, she worked in various operational positions across several local financial institutions in the Kingdom, including HSBC, Riyadh Capital and Arab National Bank.
Deutsche Bank has a proud history in Saudi Arabia since it established its Riyadh branch in 2006, and is deeply committed to its operations in the Kingdom.
For further information, please contact:
Deutsche Bank AG
Press & Media Relations
About Deutsche Bank, Saudi Arabia
In April 2006, Deutsche Bank’s presence was established in the Kingdom of Saudi Arabia with the opening of a branch in the capital, Riyadh. The branch is regulated by the Saudi Central Bank (SAMA) and operates under a full commercial banking license, which was granted by SAMA in July 2004. A second entity, Deutsche Securities Saudi Arabia (DSSA), was incorporated in December 2007. DSSA is regulated by the Capital Market Authority (CMA) and is licensed to carry out securities business.
Through its two legal entities, Deutsche Bank offers a full range of investment banking, private wealth management, and global transaction banking services. Deutsche Bank is well recognized for its leading role on some of the most prestigious domestic transactions, and is the recipient of several regional awards in recognition of its achievements in investment banking and Islamic finance.
Disclaimers and disclosures
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.