Press Releases

November 27, 2017

Deutsche Bank appoints Ahmed Shehab Head of Trade Finance for Financial Institutions in MENA and Turkey

Deutsche Bank today announced the appointment of Ahmed Shehab as Head of Trade Finance for Financial Institutions (TFFI) in the Middle East and North Africa (MENA) & Turkey in addition to his current role as Head of Deutsche Bank AG Representative office in Cairo.

Based in Egypt, Shehab will be responsible for driving the development and execution of Deutsche Bank’s TFFI business growth strategy in MENA & Turkey for Trade Finance business directly originated from Financial Institutions. Moreover, he will also support Deutsche Bank’s corporate teams to promote trade financing in the region.

Commenting on the appointment, Jamal Al Kishi, Chief Executive Officer Middle East & Africa (MEA), said: “Ahmed’s experience and high-quality relationships with Financial Institutions has led to the execution of a number of landmark Trade Finance transactions both in Egypt and in MENA. Ahmed’s expertise and broader involvement will help us grow and consolidate our Financial Institutions business in general and the TFFI sector in particular.”

Shehab, an Egyptian National, has been with Deutsche Bank for more than 10 years heading the TFFI business in Egypt among other countries including in North Africa, Lebanon and Jordan. He was appointed as the Head of Deutsche Bank AG’s Representative Office in Cairo in 2008 and has been instrumental in building Deutsche Bank’s franchise in Egypt and its TFFI capabilities across MENA. Ahmed is also a member of the MEA Executive Committee.

Established in 1959, Deutsche Bank AG Cairo’s Representative Office was the first physical presence for the Bank in MENA. The Bank is licensed by the Central Bank of Egypt to be the point of contact between Deutsche Bank’s global network and its Egyptian clients.

For further information, please contact:

Deutsche Bank AG
Press & Media Relations

Stuart Haslam
Head of Communications & CSR – MEA & Turkey
Phone: +971 (0) 4 4283 860
Mobile: +971 (0) 56 1993 599
E-Mail: stuart.haslam@db.com

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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.

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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.



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Last Update: November 27, 2017
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