Deutsche Securities Saudi Arabia appoints Tamim Jabr as chief executive officer
Deutsche Securities Saudi Arabia ( DSSA) has announced the appointment of Tamim Jabr as the company’s new chief executive officer.
Jabr is set to take over the CMA-licensed securities firm, which is wholly owned by Deutsche Bank AG, from Jamal Al-Kishi, who will take on the position of CEO for Deutsche Bank in the Middle East and Africa.
Jabr will assume overall responsibility for DSSA’s securities business activities in the Kingdom.
Abdulhadi Shayef, chairman of the board of DSSA, said: “My colleagues, members of the board of DSSA and I are delighted with the appointment of Tamim Jabr to succeed Jamal Al-Kishi as CEO of DSSA. This transition is made possible primarily because of DSSA’s long-term investment in top Saudi investment banking talent. We thank Jamal for leading DSSA since its inception and wish Tamim success in his new role.”
For his part, Al-Kishi said: “Tamim was Deutsche Bank’s first hire in Saudi Arabia prior to the establishment of DSSA and has been a key contributor to the development of Deutsche Bank’s overall franchise in the Kingdom. Tamim’s thorough knowledge of the Saudi investment banking landscape and high-quality relationships with clients and stakeholders will help position DSSA to continually improve our service to clients in the Kingdom while capitalizing on the wide spectrum of opportunities in Saudi Arabia.”
Jabr, a Saudi national, has been with Deutsche Bank for 14 years and moved to Riyadh in 2006 after a stint in London.
General Manager of Deutsche Bank AG Riyadh, Ziyad Al- Ashaikh said: “Tamim’s appointment to lead our securities subsidiary, DSSA, is a fitting recognition of his contributions to our franchise and will send a powerful signal to our local talent pool as to the potential to grow within the Deutsche Bank Group.”