Former top regional banker at Deutsche Bank in the Middle East, Salman Al Khalifa, is the prime contender to run $9 billion Mumtalakat Holding, two sources said.

He resigned in November as Deutsche’s UAE country chief and head of global markets for the Mena region.

A spokeswoman for Mumtalakat said that she had no information on the subject. Salman was not immediately available for comment, our sister newspaper, Gulf Daily News said.

Talal Alzain resigned last month as chief executive of Mumtalakat to set up a new investment firm.

“Salman will be perfect for the job. The funding is evolving and he has the right credentials and the connections to run it,” a banking source said. – TradeArabia News Service