Deutsche Bank has appointed Jamal Al Kishi as Chief Executive Officer, Middle East and Africa with immediate effect, replacing Ashok Aram who has previously announced his relocation to Frankfurt as CEO of Europe, Middle East and Africa (MEA).

Al Kishi, subject to regulatory approvals, will remain CEO of Deutsche Securities Saudi Arabia.

Al Kishi will chair the Middle East and Africa Executive Committee.

Al Kishi joined Deutsche Bank in 2007 as CEO, Deutsche Securities Saudi Arabia and Head of Corporate and Investment Banking.

Prior to joining Deutsche Bank he spent over 12 years in Corporate and Investment Banking in Saudi Arabia.

He was a senior executive at Arab National Bank for ten years and prior to that he worked in Corporate Banking with Saudi American Bank, based in Riyadh.

Deutsche Bank also announced the appointment of Salah Jaidah as Chairman Middle East and North Africa, to spearhead Deutsche Bank’s comprehensive efforts with its core clients.

Jaidah will continue as General Manager, Deutsche Bank AG Doha (QFC) Branch and as Chief Country Officer Qatar and will continue as a member of the MEA Executive Committee.

Jaidah joined Deutsche Bank in 2011 as Chief Country Officer for Qatar and Vice Chairman for the Middle East and North Africa.

Prior to joining Deutsche Bank, he was Qatar Islamic Bank’s (QIB) Chief Executive Officer, a position he held since 2005.

Prior to joining QIB, Jaidah was General Manager of Doha Bank, and before that he had a long and distinguished career with the Commercial Bank of Qatar.

Remarking on the appointments, Aram said: “The Middle East and Africa remains an important part of the Bank’s global network with potential for significant growth aligned with the execution of Strategy 2020.”

“The new Regional Management leadership team overseeing Deutsche Bank’s Middle East and Africa business operations, promoted from within our existing pool of strong, local talent, will ensure clients in the Middle East and Africa retain access to the Bank’s global expertise,” he said.