Sunday 21 October 2018
 
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Deutsche Bank

OHA, Varde to buy $1bn DB shipping loan portfolio

Oak Hill Advisors and Värde Partners said they have entered into an agreement to acquire a $1 billion portfolio of shipping loans from Deutsche Bank. The transaction is expected to close in the third quarter of 2018 pending regulatory appro

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Deutsche Bank makes key new appointment

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) and Turkey in addition to his current role as Head of Deutsche Bank AG Represen

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Deutsche Bank names GCC wealth management head

Deutsche Bank has appointed Fred Hilal as the new head of wealth management in the Gulf region (excluding Saudi Arabia). In his new role, Hilal will lead Deutsche Bank’s client coverage across the Gulf. Based in Dubai, he wi

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Qatari investor 'holds options and shares in Deutsche Bank'

A reported 10 percent stake in Deutsche Bank held by its biggest shareholder, Qatar's Al-Thani family, includes purchase options amounting to nearly 2 percent, a person familiar with the situation told Reuters on Monday. The s

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Deutsche Bank chief warns of deeper cuts after Q2 revenue drop

Deutsche Bank warned it may need deeper cost cuts to turn itself around, after revenue fell sharply in the second quarter due to challenging markets and low interest rates. "If the current weak economic environment persists,

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Deutsche Bank looking to sell $1bn of shipping debt

Deutsche Bank is looking to sell at least $1 billion of shipping loans to lighten its exposure to the sector whose lenders face closer scrutiny from the European Central Bank, sources told Reuters.   While the oi

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Qatar holding firm backs Deutsche Bank chairman

Paramount Services Holdings, the investment fund of the Qatari royal family, issued a statement on Wednesday in support of Deutsche Bank chairman Paul Achleitner. The statement comes after Germany's manager Magazin quoted a pe

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Deutsche Bank names new CEO for MEA region

Deutsche Bank has appointed Jamal Al Kishi as chief executive officer, Middle East and Africa with immediate effect. Al Kishi replaces Ashok Aram who, as previously announced, is relocating to Frankfurt as chief executive officer

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Deutsche Bank appoints Nayed as chief country officer UAE

Deutsche Bank has appointed Rafik Nayed as the chief country officer (CCO) for the United Arab Emirates and senior executive officer of Deutsche Bank AG Dubai (DIFC) Branch. Effective immediately, Nayed takes over from Nadeem Masu

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United Arab Shipping seals Deutsche Bank deal

Dubai-based United Arab Shipping Company (UASC) said that it has selected Deutsche Bank to provide advanced cash management solutions in 18 countries across Europe. UASC is among the largest shipping lines in the Middle East, and

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