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Strategic Expansion: Deutsche Bank Boosts Middle East Presence | Explained

Deutsche Bank has expanded its presence in the Middle East by hiring a team of bankers from Credit Suisse.

City workers walk on the pavement outside the London offices of Deutsche Bank. Photo: Getty Images
City workers walk on the pavement outside the London offices of Deutsche Bank. Photo: Getty Images

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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