Deutsche Bank appoints Thamer Saleh Alsedais as General Manager of its Saudi Arabia Branch
Deutsche Bank today announced the appointment of Thamer Saleh Alsedais as General Manager of Deutsche Bank AG Riyadh Branch in Saudi Arabia.
As General Manager of Deutsche Bank’s branch in the Kingdom, Alsedais will have oversight of the bank’s business activities regulated by the Saudi Central Bank (SAMA). Working closely with both business units and infrastructure teams, he will facilitate the ongoing delivery of Deutsche Bank’s product and service offering to its Saudi based clients, whilst ensuring strict compliance with regulatory requirements.
After more than a decade of professional experience in the Kingdom, Alsedais joined Deutsche Bank Group in Saudi Arabia in 2020 as a Director in the Wealth Management division, part of the International Private Bank (IBP). Prior to joining the bank, Alsedais held several senior Treasury and Wealth Management sales positions at Saudi British Bank (SABB) and NCB Capital. He holds a Master’s Degree in Financial Economics from California State University in the United States.
Deutsche Bank has a proud history in Saudi Arabia since it established its Riyadh branch in 2006, and is deeply committed to its operations in the Kingdom.
In April 2006, Deutsche Bank’s presence was established in the Kingdom of Saudi Arabia with the opening of a branch in the capital, Riyadh. The branch is regulated by the Saudi Central Bank (SAMA) and operates under a full commercial banking license, which was granted by SAMA in July 2004. A second entity, Deutsche Securities Saudi Arabia (DSSA), was incorporated in December 2007. DSSA is regulated by the Capital Market Authority (CMA) and is licensed to carry out securities business.
Through its two legal entities in Saudi Arabia, Deutsche Bank Group offers a suite of investment and transaction banking and wealth and asset management services.
Disclaimers and disclosures
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.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 20 March 2020 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.
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Deutsche Bank today announced the appointment of Thamer Saleh Alsedais as General Manager of Deutsche Bank AG Riyadh Branch in Saudi Arabia.
As General Manager of Deutsche Bank’s branch in the Kingdom, Alsedais will have oversight of the bank’s business activities regulated by the Saudi Central Bank (SAMA). Working closely with both business units and infrastructure teams, he will facilitate the ongoing delivery of Deutsche Bank’s product and service offering to its Saudi based clients, whilst ensuring strict compliance with regulatory requirements.
After more than a decade of professional experience in the Kingdom, Alsedais joined Deutsche Bank Group in Saudi Arabia in 2020 as a Director in the Wealth Management division, part of the International Private Bank (IBP). Prior to joining the bank, Alsedais held several senior Treasury and Wealth Management sales positions at Saudi British Bank (SABB) and NCB Capital. He holds a Master’s Degree in Financial Economics from California State University in the United States.
Deutsche Bank has a proud history in Saudi Arabia since it established its Riyadh branch in 2006, and is deeply committed to its operations in the Kingdom.
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
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About Deutsche Bank, Saudi Arabia
In April 2006, Deutsche Bank’s presence was established in the Kingdom of Saudi Arabia with the opening of a branch in the capital, Riyadh. The branch is regulated by the Saudi Central Bank (SAMA) and operates under a full commercial banking license, which was granted by SAMA in July 2004. A second entity, Deutsche Securities Saudi Arabia (DSSA), was incorporated in December 2007. DSSA is regulated by the Capital Market Authority (CMA) and is licensed to carry out securities business.
Through its two legal entities in Saudi Arabia, Deutsche Bank Group offers a suite of investment and transaction banking and wealth and asset management services.
Disclaimers and disclosures
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.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 20 March 2020 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.