Deutsche Wealth Management boosts MEA team

Deutsche Bank Wealth Management has enhanced its Middle East and Africa (MEA) team with two senior hires in Dubai, UAE.

They complement the appointment of five relationship and investment managers in Dubai, Manama, Geneva and London over the last six months.

Based in the Dubai International Financial Centre (DIFC), Hamza Hamza has joined the MEA team from Standard Chartered Private Bank as an Investment Manager. He has more than 15 years of experience in commodity brokerage, investment management and advising Gulf and South Asian clients in the Middle East and the UK.

In addition, Naushair Malli has joined as a Client Advisor, bringing a wealth of experience in advising Ultra High Net Wealth (UHNW) clients, in investment and asset management from Julius Baer and Barclays, among others.

Both Hamza and Malli cover the Gulf States, which play a pivotal role in Deutsche Bank Wealth Management’s proposition for MEA clients.

Also joining the MEA Wealth Management team as a Relationship Manager focusing on Saudi Arabia is Omar Abdullah Abouzeid. He joins the bank from Credit Suisse and is based in the DIFC. He has a 14years’ track record of servicing clients in the Middle East as investment and relationship manager.

In Bahrain, Murtuz Zamanly has been appointed Representative Officer. Zamanly has over 15 years of wealth management experience having previously worked at BNP Paribas and Credit Suisse covering UHNW Gulf Clients in Bahrain.

Deutsche Bank Wealth Management’s enhanced client coverage team reflects its commitment to invest in people, technology, advisory and investment solutions and to hire an additional 300 relationship and investment managers globally by 2021.

Loïc Voide, head of Wealth Management for MEA, said: “The MEA team has been contributing strongly to the growth of the global Wealth Management business at Deutsche Bank with a low double-digit percentage revenue increase year-on-year. I am delighted about these appointments that will enable us to further promote our proven capabilities to serve wealthy clients in the region.”

Deutsche Bank Wealth Management has identified its Emerging Markets region, which includes Asia Pacific, the Middle East and Africa, as an area with particular growth potential. The buildout of the MEA team underscores the business’s ambition to grow its client franchise in a region that includes some of the strongest wealth creation and entrepreneurial activity. The bank recently announced a series of hires for its Global South Asia team, many also based in the MEA region.

UHNW individuals and entrepreneurs in the MEA region benefit from Deutsche Bank Wealth Management’s investment platform and offering that covers the entire range from cash management and traditional portfolio management to complex structuring and alternative asset classes. Moreover, its lending capabilities have proven to satisfy the most complex needs which, when required, benefit from direct access to Deutsche Bank’s Investment Bank. – TradeArabia News Service