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| 19 September, 2018

Deutsche Bank appoints Riyadh GM

German banking titan expects more deal flow from Saudi Arabia

A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany September 30, 2016.

A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany September 30, 2016.

REUTERS/Kai Pfaffenbach

LONDON: Deutsche Bank has appointed Mohammed Alajmi as general manager of Deutsche Bank Riyadh Branch in Saudi Arabia.

He will have oversight of the bank’s business regulated by the Saudi Arabian Monetary Authority (SAMA), Deutsche Bank said in a statement.

The German banking giant originally established its Riyadh branch in 2006.

Alajmi joined Deutsche Bank in 2012 after more than a decade of working at local financial institutions in the Kingdom.

He was appointed chief operating officer in June 2015 overseeing the bank’s activities across all businesses and infrastructure functions.

The group expects to boost regional hiring this year, driven by expected corporate bond sales and initial public offerings, Bloomberg reported in February.

Copyright: Arab News © 2018 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

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