Deutsche Bank Sets Up Corporate Treasury Sales Platform in Saudi Arabia

Deutsche Bank has established a corporate treasury sales platform focused on foreign exchange (FX), commodities and rates products for Saudi corporates, as part of its efforts to further expand its suite of services and products in the country.

To further this aim, Deutsche Bank has recently appointed senior bankers to steer its efforts. Zaki Al Hashem, who joins from Saudi British Bank (SABB) where he was most recently head of treasury risk advisory – eastern province, will head the bank’s corporate flow sales in the eastern and western provinces. Al Hashem has 20 years of experience in the industry focused on rates and FX sales to Saudi corporates, sovereign-owned companies and family conglomerates.

Ahmed Al Hadeed, who joins from Gulf International Bank in Riyadh, will focus on the central province. Al Hadeed has 17 years of experience, mainly focused on FX-flow and structured sales to Saudi corporates. He most recently held the position of head of FX and sales.

In addition, Mohammed Modaimeegh joins as vice president from the treasury group investment division of Al-Inma Bank.

All three bankers will report to Haidar Bangash, head of flow sales for the Gulf Co-operation Council (GCC) region at Deutsche Bank.

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