Deutsche Bank Wealth Management has enhanced its Middle East and Africa (MEA) team with two senior hires in Dubai. They complement the appointment of five relationship and investment managers in Dubai, Manama, Geneva and London over the last six months.
Based in the Dubai International Financial Centre (DIFC), Hamza Hamza has joined the MEA team from Standard Chartered Private Bank as an Investment Manager. He has more than 15 years of experience in commodity brokerage, investment management and advising Gulf and South Asian clients in the Middle East and the UK. In addition, Naushair Malli has joined as a Client Advisor, bringing a wealth of experience in advising Ultra High Net Wealth (UHNW) clients, in investment and asset management from Julius Baer and Barclays, among others.
Also joining the MEA Wealth Management team as a Relationship Manager focusing on Saudi Arabia is Omar Abdullah Abouzeid. He joins the bank from Credit Suisse and is based in the DIFC. He has a 14 years’ track record of servicing clients in the Middle East as investment and relationship manager.
In Bahrain, Murtuz Zamanly has been appointed Representative Officer. Zamanly has over 15 years of wealth management experience having previously worked at BNP Paribas and Credit Suisse covering UHNW Gulf Clients in Bahrain.
As part of Deutsche Bank Wealth Management’s efforts to further strengthen its UK market, the bank recently announced that it appointed Marwa Alani as Head of Middle East desk based in London. She will be instrumental in building a model advice-led wealth management business in the UK for clients with ties to the MEA region and an appetite to increase their investment activity there. Alani joined Deutsche Bank from Emirates NBD where she was the Head of the UAE/Pan Gulf Cooperation Council (GCC) Private Banking Team.
Earlier this year, the bank appointed Geneva based Ahmed Hammouda Head of the Saudi offshore business. With more than 25 years of experience, Hammouda joined the MEA offshore team from Credit Suisse where he was the Market Head for Egypt and Head of the Saudi offshore business. Dion Marsden also joined the Saudi offshore business team in Geneva. He has more than 23 years of experience, most recently at Citi Private Bank where he focused exclusively on the Saudi market for last seven years.
Deutsche Bank Wealth Management’s enhanced client coverage team reflects its commitment to invest in people, technology, advisory and investment solutions and to hire an additional 300 relationship and investment managers globally by 2021.
Loïc Voide, Head of Wealth Management for MEA, said: “The MEA team has been contributing strongly to the growth of the global Wealth Management business at Deutsche Bank with a low double-digit percentage revenue increase year-on-year. I am delighted about these appointments that will enable us to further promote our proven capabilities to serve wealthy clients in the region.”
Deutsche Bank Wealth Management has identified its Emerging Markets region, which includes Asia Pacific, the Middle East and Africa, as an area with particular growth potential. The buildout of the MEA team underscores the business’s ambition to grow its client franchise in a region that includes some of the strongest wealth creation and entrepreneurial activity. The bank recently announced a series of hires for its Global South Asia team, many also based in the MEA region.
UHNW individuals and entrepreneurs in the MEA region benefit from Deutsche Bank Wealth Management’s investment platform and offering that covers the entire range from cash management and traditional portfolio management to complex structuring and alternative asset classes. Moreover, its lending capabilities have proven to satisfy the most complex needs which, when required, benefit from direct access to Deutsche Bank’s Investment Bank.
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Deutsche Bank AG Media Relations
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About Deutsche Bank
Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.
With client assets of more than EUR 215 billion (as of September 30, 2019), Deutsche Bank’s Wealth Management business is one of the largest wealth managers worldwide. It offers high-net-worth (HNW) and ultra-high net-worth (UHNW) clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of Wealth Management.
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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.
© Press Release 2019