Deutsche Securities Saudi Arabia (DSSA) has announced the appointment of Bassel Zaouk as the CEO.

Zouk will assume overall responsibility for DSSA’s securities business activities in Saudi Arabia. He previously held several senior positions in the investment banking and wealth management divisions at Deutsche Bank, according to a statement by DSSA.

DSSA, which is owned by Deutsche Bank AG, obtained a license by the Saudi Capital Market Authority (CMA) in 2007 and started business activities in 2008.

(Writing by Nada Al Rifai; editing by Mily Chakrabarty)

(nada.rifai@refinitiv.com)

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