Deutsche Bank Builds Up the Largest Research Facility in the Middle East
Deutsche Bank announced today that it is moving ahead with the establishment of a Middle East research platform, expected to be the largest facility of its kind in the region.
Spearheading Deutsche Bank’s efforts will be Pascal Moura, Head of Research for Emerging Markets, who will be relocating to Dubai to oversee the two-year long establishment process.
The research facility will focus on 80 leading blue-chip regional stocks across all sectors as well as supporting Deutsche Bank Global Research.
Ricardo Honegger, Chief Country Officer for Deutsche Bank in the UAE, said “Deutsche Bank’s commitment to the region is unequivocal. We are constructing the MENA Research platform to ensure the induction of the broadest base of analyst experience, across both mature and emerging markets, in an effort to ensure real value addition not only to our clients but also to the regional markets.”
Deutsche Bank’s commitment to establish the research unit was made during a recent visit to the region by Dr. Josef Ackermann, Chairman of Deutsche Bank AG’s Management Board and the Group’s Executive Committee.
Pascal Moura said “Deutsche Bank forecasts GDP growth in the region of 7-8 percent per annum for the foreseeable future and we expect a growing interest from asset managers across the globe. We want to make sure that we offer to investors the quality and depth of coverage that we have in other regions in order to support them in their quest to generate Alpha."
Moura joined Deutsche Bank in 2002. Prior to heading Deutsche Bank’s research into emerging markets, Moura was Head of European Mid-Cap Research, and before that he was Head of Swiss Research for the Bank.
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About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,275 employees in 76 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank’s commitment in the MENA region is more than a century old, beginning with the Bank’s financing of the construction of the Baghdad railway. Deutsche Bank opened its first office in Cairo in 1959, followed in the early seventies by an office in Bahrain. In 1999, Deutsche Bank embarked on a regional expansion drive across the GCC which began with the opening of an office in the UAE’s Capital Abu Dhabi in 1999, followed by two offices in Dubai: a representative office inaugurated in 2001 and a branch at the Dubai International Financial Centre (DIFC) in 2005. In April of 2006, Deutsche Bank opened a branch in the Kingdom of Saudi Arabia, in the capital Riyadh. Most recently in November of 2007, Deutsche Bank opened its branch in the Qatar Financial Centre in Doha. Deutsche Bank AG in the MENA region offers the full range of investment banking, asset management; private wealth management; and global transaction banking services. Deutsche Bank AG is well recognized for its leading role on some of the most prestigious regional transactions. The Bank is the recipient of several awards for its activities in Islamic Finance; and was proclaimed in 2007 as the Best M&A Bank in Middle East & North Africa by Global Finance World. Most recently, in June 2008, Deutsche Bank was recognized by Euromoney as the Best Debt House in the Middle East.