Deutsche Securities Saudi Arabia (“DSSA”), a CMA licensed securities firm wholly owned by Deutsche Bank AG, today announced the appointment of Tamim Jabr as Chief Executive Officer. Effective immediately, Mr. Jabr takes over from Jamal Al Kishi, who as previously announced has become Chief Executive Officer for Deutsche Bank in the Middle East and Africa (“MEA”).
Mr. Jabr will assume overall responsibility for DSSA’s Securities Business activities in the Kingdom. Mr. Abdulhadi Shayef, Chairman of the Board of DSSA said: “My colleagues, Members of the Board of DSSA and I are delighted with the appointment of Tamim Jabr to succeed Jamal Alkishi as CEO of DSSA. This transition is made possible primarily because of DSSA’s long-term investment in top Saudi investment banking talent. We thank Jamal for leading DSSA since inception and wish Tamim success in his new role.”
Jamal Al Kishi, Chief Executive Officer MEA said: “Tamim was Deutsche Bank’s first hire in Saudi Arabia prior to the establishment of DSSA and has been a key contributor to the development of Deutsche Bank’s overall franchise in the Kingdom. Tamim’s thorough knowledge of the Saudi investment banking landscape and high-quality relationships with clients and stakeholders will help position DSSA to continually improve our service to clients in the Kingdom while capitalising on the wide spectrum of opportunities in Saudi Arabia.
Ziyad Al Ashaikh, General Manager Deutsche Bank AG Riyadh, said: "Tamim's appointment to lead our securities subsidiary, DSSA, is a fitting recognition of his contributions to our franchise and will send a powerful signal to our local talent pool as to the potential to grow within the Deutsche Bank Group."
Mr. Jabr, a Saudi national, has been with Deutsche Bank for 14 years having worked in both London and Riyadh in the Corporate and Investment Bank. Since moving to Riyadh in 2006, he has been instrumental in building DSSA’s franchise in the Kingdom. Furthermore, he has established deep relationships with a large number of Saudi corporates and family offices and has led the origination and execution of a number of landmark Debt Capital Market (DCM), Equity Capital Market (ECM) and financing transactions for DSSA.
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Deutsche Bank Group established its Riyadh Branch in 2006, and soon after established a securities subsidiary, Deutsche Securities Saudi Arabia. The Group offers a suite of investment and transaction banking and wealth and asset management services in the Kingdom through its two legal entities in the country, Deutsche Bank AG Riyadh Branch and Deutsche Securities Saudi Arabia.
Deutsche Bank AG is authorised under German Banking Law (competent authorities: European Central Bank and German Federal Financial Supervisory Authority (BaFin)) and, in the United Kingdom, by the Prudential Regulation Authority. It is subject to supervision by the European Central Bank and the BaFin, and to limited supervision in the United Kingdom by the Prudential Regulation Authority and the Financial Conduct Authority. Details about the extent of our authorisation and supervision by these authorities are available on request.
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.
Deutsche Securities Saudi Arabia (“DSSA”) is regulated by the Capital Market Authority (CMA). C.R. Number 1010239773 Registered office: Faisaliah Tower, 17th floor, King Fahad Road - Al Olaya District Riyadh, Kingdom of Saudi Arabia P.O. Box 301806