Deutsche Bank has expanded its presence in the Middle East by hiring a team of bankers from Credit Suisse.
This move is part of the bank’s strategy to tap into the growing number of ultra-wealthy families and businessmen in the region.
Saad Osseiran, a veteran of 12 years at Credit Suisse, will lead the expansion of Deutsche Bank’s wealth division across the Middle East.
He will be joined by Nasri Nohra, who will head the bank’s Middle East private banking desk in Switzerland, and Rabih Demashkieh, who will lead the private bank in Saudi Arabia.
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