J.P. Morgan announces senior appointments in Saudi Arabia

Bader Alamoudi will be Senior Country Officer for audi Arabia and General Manager of JPMorgan Chase Bank, Riyadh Branch.

18 October 2016

Riyadh – J.P. Morgan today announced the appointment of Bader Alamoudi as Senior Country Officer (SCO) for the Kingdom of Saudi Arabia and General Manager of JPMorgan Chase Bank N.A., Riyadh Branch. In his new role, Mr. Alamoudi will be responsible for the firm’s operations and business strategy in the Kingdom, and will oversee the delivery of the firm’s product offering to clients across the franchise. He will continue to be based in Riyadh and will report to Sjoerd Leenart, Senior Country Officer for the Middle East, Turkey and Africa, and Khaled Hobballah, head of MENA Markets.

Fahad Al Deweesh will be appointed CEO of J.P. Morgan Saudi Arabia Limited (JPMSA), subject to regulatory approval. Mr. Al Deweesh will continue to act as head of Investment Banking for Saudi Arabia, a role which he has held since 2014.

“We are pleased to announce this solid new leadership team which further demonstrates the firm’s commitment to our Saudi franchise,” commented Mr. Leenart. “Bader and Fahad have been vital to the growth of our business in the Kingdom. They have a wealth of market knowledge and extensive experience, which are fundamental as we continue to offer our clients innovative products combined with excellent service.”

Mr. Alamoudi was most recently CEO of JPMSA and head of Markets for Saudi Arabia. Prior to joining J.P. Morgan in 2006, he started his career at SAMBA.

Prior to joining J.P. Morgan, Mr. Al Deweesh was head of Capital Markets at Standard Chartered in Riyadh. He will continue to report to Karim Tannir, head of MENA Investment Banking.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.  

Alia Nawaz | Executive Director, Communications Middle East, Turkey & Africa | J.P. Morgan Chase Bank, N.A. – Regulated by the DFSA | DIFC, The Gate, West Wing, Level 9 – PO Box 506551, Dubai, UAE | Direct tel: +97144281605 | Mobile: +971555197879 | Email: alia.nawaz@jpmorgan.com  

© Press Release 2016

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