Riyadh: Reema Al Asmari joins BNP Paribas as newly appointed Head of Territory for Saudi Arabia, reinforcing the bank’s corporate and institutional (CIB) presence in the Kingdom.
In her new role, Reema will oversee the bank’s national commercial strategy, with a focus on strengthening relationships with strategic clients, multi-national corporates and government related entities. She will also drive BNP Paribas’ product and service offering across all CIB metiers, including growth in areas such as sustainable finance.
Amine Bel Hadj Soulami said, “We are pleased to have Reema on board, strengthening our team with her in-depth knowledge of the Kingdom of Saudi Arabia. BNP Paribas has long recognised the Kingdom’s vital role in the overall development of the region, since the bank became operational there in 2005.”
“In addition to our traditional banking presence, as a recognised global leader in sustainable finance, we look forward to accompanying our clients in Saudi Arabia on their transition journey. The national ambition towards renewable energy in particular, offers the opportunity to support the diversifying economy more broadly.
Reema joins BNP Paribas from Natixis, where she held the position of CEO for Saudi Arabia. Before joining Natixis, Reema worked nine years with JPMorgan Chase & Co in the Kingdom. Her last role with the US bank was Treasury Services Country Head. Prior to that she was the Treasurer for Saudi Arabia, Bahrain and Johannesburg.
Speaking about her appointment, Reema said: “I am honoured to join BNP Paribas with the mission to grow the bank’s presence here in Saudi Arabia. As a dynamic bank which continues to evolve alongside Saudi’s ever changing business environment, I am enthusiastic about the opportunities to build upon its current success.”
Reema takes over from Jean-Francois Sibille who becomes Head of Compliance, BNP Paribas Middle East & Africa. She will work alongside Ammar Pharaon who heads BNP Paribas’ Investment Company (BIC) also located in Riyadh.
Media Relations Contact
Dina Kasrawi – Head of Communications, Middle East & Africa
About BNP Paribas
BNP Paribas is a leading bank in the Eurozone and a prominent international banking institution. It has a presence in 71 countries, with more than 198,000 employees. The Group has key positions in its three main activities: Domestic Markets, International Financial Services and Corporate & Institutional Banking. The Group helps all its clients to realise their projects through solutions spanning financing, investment, savings and protection insurance. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas, as well as a solid and fast-growing business in Asia-Pacific.
BNP Paribas has been operating in the MEA region for over 45 years, where it is active in the fields of Corporate & Institutional Banking and International Financial Services. The Bank has a presence in five of the Gulf countries: Bahrain, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates. The Bank also has a presence in South Africa via a Full Commercial Branch, which acts as a regional hub for operations in Southern Africa, and in Morocco through BNP Paribas Regional Investment Company (BRIC), which acts as a hub for wider Africa.
Through its presence on the ground and with the expertise of a team of talented and diverse individuals, the bank’s MEA network enjoys a leading position in many areas including fixed income, debt capital markets, cash management, trade finance and advisory services.
© Press Release 2021