Deutsche Bank appoints Ziyad Al Ashaikh as General Manager of its Saudi Arabia branch

Riyadh, Saudi Arabia - 13 May 2013

Deutsche Bank announced today the appointment of Ziyad Al Ashaikh as General Manager of its branch in the Kingdom of Saudi Arabia. Al Ashaikh is taking over responsibility from Mr. Waleed Fatani who will be leaving Deutsche Bank to pursue other opportunities outside the bank.

Ashok Aram, Deutsche Bank’s CEO for the Middle East and North Africa region said: “Deutsche Bank is deeply committed to the Kingdom of Saudi Arabia with a strong presence on the ground. The appointment of Ziyad reflects the depth of skilled and committed people working for Deutsche Bank in the region. Ziyad’s long experience and insight into the Saudi market will be a great asset for our clients and for Deutsche Bank´s enterprise in the Kingdom.”

As General Manager of Deutsche Bank’s branch in the Kingdom, Al Ashaikh has oversight over all SAMA (Saudi Arabian Monetary Agency) regulated activities.

Al Ashaikh has more than 17 years of experience in Treasury, Capital markets, Investment Banking and managing client relationships. He started his career in the treasury department of National Commercial Bank (NCB) and rose through the ranks to assume the role of Country Head of Investment & Derivatives Sales. He later moved to JADWA Investments as the Head of Wealth Management. Al Ashaikh joined Deutsche Securities Saudi Arabia in 2010 as Head of Private Institutional Clients (PIC). In addition to PIC, he was responsible for managing public sector & institutional relationships.

Al Ashaikh has a Bachelor of Science Degree in Finance with Honors, from King Fahd University of Petroleum & Minerals and has completed an Executive Management program from INSEAD, France.

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