Deutsche Bank names new chief for Riyadh

Riyadh, April 22, 2008

Deutsche Bank has appointment Javeed Ameen as its chief operating officer in Riyadh.

Ameen will be responsible for coordinating all the bank’s infrastructure functions across all business lines, product groups, legal entities and branches.

“This appointment underscores the bank's commitment to deepen and broaden its presence in Saudi Arabia. Javeed’s expertise will help us establish an optimal infrastructure that will help us meet our ambitious growth objectives in Saudi Arabia,” said chief country officer for Saudi Arabia at Deutsche Bank Jamal Alkishi.

Ameen joined Deutsche Bank in 2001 and has held a variety of senior positions most recently as chief operating officer in India.

“We are pleased to have Javeed joining our regional management team in MENA.  His ample experience in similar roles in emerging markets, especially in India, will benefit the efficient and well governed build-up of our important franchise in the Kingdom,” said chief operating officer for Deutsche Bank in the Middle East & North Africa Alexander Schuetz.

Deutsche Bank opened its first branch in Riyadh in 2006.  In 2007, Deutsche Securities Saudi Arabia, a subsidiary of Deutsche Bank was granted a license by the Capital Market Authority of Saudi Arabia to offer brokerage and custody services, as well as arranging, advising and providing investment funds management. – TradeArabia News Service

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