Deutsche Bank has established a new corporate treasury sales platform in Saudi Arabia, as part expanding its suite of services and products. The new platform will be focused on FX, commodities and rates products for Saudi corporates.
Recently, Deutsche Bank appointed senior bankers to steer its efforts. Zaki Al Hashem will head the bank’s corporate flow sales in the Eastern and Western provinces. Mr Al Hashem joins Deutsche Bank from Saudi British Bank (SABB) where he was most recently head of treasury risk advisory – Eastern Province.
Mr Al Hashem has 20 years of experience in the industry focused on rates and FX sales to Saudi corporates, sovereign-owned companies and family conglomerates.
Ahmed Al Hadeed joins from Gulf International Bank in Riyadh. He will focus on the central province. Mr Al Hadeed has 17 years of experience, mainly focused on FX-flow and structured sales to Saudi corporates.
In addition, Mohammed Modaimeegh joins the team from the treasury group investment division of Al-Inma Bank as vice president. All three bankers will report to Haidar Bangash, head of flow sales for the Gulf Cooperation Council (GCC) region at Deutsche Bank.
Salman Al Khalifa, head of global markets for the Middle East North Africa at Deutsche Bank, said “Flow sales are central to our business in the region, and we aim with the introduction of this service into the Saudi market to meet the needs of our ever growing client base across the corporate sector in the Kingdom.”