Deutsche Bank has appointed Ahmed Beydoun as the new head of equities for the Middle East and North Africa.

Mr Beydoun joins Deutsche Bank from UBS, where he has spent 12 years and was most recently the head of Middle East and North Africa (MENA) equities at the Swiss bank.

In his new capacity, Mr Beydoun will have overall responsibility for Deutsche Bank’s equities business in the region, and will oversee sales, sales trading, equity trading and prime brokerage. Based in Dubai, Mr Beydoun will report to Salman Khalifa, head of global markets sales for the MENA region.

Deutsche Bank announced that Michael Majdalany also joins the bank from UBS as a new director in the MENA equities team.

Ricardo Honegger, Deutsche Bank’s head of global markets for the MENA region, said: Ahmed and Michael bring to Deutsche Bank a wealth of experience and I believe that they will play a pivotal role in further strengthening our equities business in the region.