Deutsche Securities Saudi Arabia appoints Bassel Zaouk as Chief Executive Officer

Riyadh: Deutsche Securities Saudi Arabia (“DSSA”), a CMA licensed securities firm owned by Deutsche Bank AG, today announced the appointment of Bassel Zaouk as Chief Executive Officer.

As CEO of DSSA, Bassel will assume overall responsibility for DSSA’s Securities business activities in the Kingdom.

Commenting on the appointment, Mr. Abdulhadi Shayef, Chairman of the Board of DSSA said: “I am delighted at this appointment, which continues DSSA’s tradition of promoting from within. Bassel, being a long-serving and very capable DSSA banker, will no doubt contribute to the company’s success and growth for many years to come.”

Jamal Al Kishi, Chief Executive Officer for Middle East and Africa said: “Over his 13 years with Deutsche Bank, Bassel has successfully built high-quality relationships with both corporates and family offices and gained deep knowledge of the Saudi market. His well-rounded knowledge of and experience in wealth management and investment banking product verticals will enable him to discharge his leadership responsibilities effectively. I wish him success.”

Bassel joined Deutsche Bank in 2006 and has held a number of senior positions in both the Investment Banking and Wealth Management divisions.

DSSA obtained its license by the Capital Market Authority (CMA) in 2007 and commenced business activities in 2008. Since its inception, DSSA received a number of awards and accolades for its involvement on landmark transactions in Saudi Arabia.

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For further information, please contact:
Deutsche Bank AG
Press & Media Relations
Mohanad Nahas
Phone: +971 (0) 4 3611 754
Mobile: +971 (0) 50 5445 836            
E-Mail: mohanad.nahas@db.com      

About Deutsche Bank, Saudi Arabia 

Deutsche Bank Group established its Riyadh Branch in 2006, and soon after established a securities subsidiary, Deutsche Securities Saudi Arabia.  The Group offers a suite of investment and transaction banking and wealth and asset management services in the Kingdom through its two legal entities in the country, Deutsche Bank AG Riyadh Branch and Deutsche Securities Saudi Arabia. 

Disclaimers and disclosures 

Deutsche Bank AG is authorised under German Banking Law (competent authorities: European Central Bank and German Federal Financial Supervisory Authority (BaFin)) and, in the United Kingdom, by the Prudential Regulation Authority. It is subject to supervision by the European Central Bank and the BaFin, and to limited supervision in the United Kingdom by the Prudential Regulation Authority and the Financial Conduct Authority. Details about the extent of our authorisation and supervision by these authorities are available on request.

Deutsche Bank AG, Dubai (DIFC) Branch is a branch of Deutsche Bank AG located and registered in the Dubai International Financial Centre (DIFC) in the Emirate of Dubai, United Arab Emirates, with registered no. 00062. Principal place of business in the DIFC: Dubai International Financial Centre, Gate Village, Building 5, PO Box 504902, Dubai, United Arab Emirates. Deutsche Bank AG, Dubai (DIFC) Branch is regulated by the Dubai Financial Services Authority (“DFSA”) and is authorized to provide Financial Services to Professional Clients only, as defined by the DFSA.

Deutsche Securities Saudi Arabia (“DSSA”) is regulated by the Capital Market Authority (CMA).

C.R. Number 1010239773

Registered office: Faisaliah Tower, 17th floor, King Fahad Road - Al Olaya District Riyadh, Kingdom of Saudi Arabia P.O. Box 301806

© Press Release 2019