October 18, 2010

Deutsche Securities Saudi Arabia appoints Ziyad Al Ashaikh as Head of Private Institutional Clients for Kingdom of Saudi Arabia

Deutsche Securities Saudi Arabia (‘DSSA”), a CMA licenced securities firm wholly owned by Deutsche Bank AG, today announced the appointment of Ziyad Al Ashaikh as Head of Private Institutional Clients for the Kingdom of Saudi Arabia.

Al Ashaikh brings to DSSA over 15 years of experience in managing client relationships and capital markets. Having started his carreer in the treasury department of National Commercial Bank (NCB), Al Ashaikh rose through the ranks to assume the role of Country Head of Investment & Derivatives Sales. He later moved to NCB Capital as Head of Institutional Sales, providing investments solutions for institutional investors and family offices in Saudi Arabia. Most recently, he was Head of Wealth Management at JADWA Investments.

Ashok Aram, CEO Deutsche Bank AG Middle East and North Africa said: “I am pleased to welcome Ziyad as we expand our Private Institutional Clients’ coverage to meet the demands of our increased client base in the Kingdom of Saudi Arabia. I am confident that Ziyad’s experience and track record will benefit our clients and team in the region.”

Henry Azzam, Chairman of the Board of DSSA, said: “Since launching our services in the Kingdom in 2007, Deutsche Securities has seen a steady and large expansion of its suite of financial services.  We are pleased to offer our clients in Saudi Arabia a dedicated on the ground Private Institutional Clients service through DSSA to complement our Corporate & Investment Banking.”

For further information, please call:

Deutsche Bank AG 
Press & Media Relations   

Michael Lermer  
Phone: +971 (4) 428 3860 
E-Mail: michael.lermer@db.com 

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 81,929 employees in 72 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.


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