Latest news with #JeanPierreHabis
Zawya
19 hours ago
- Business
- Zawya
Deutsche Bank appoints Majed Julfar to head UAE business
Deutsche Bank has appointed Majed Julfar as the chief country officer for the UAE at a time when the bank is bolstering its presence in the country with a new branch in the capital. Julphar, who returns to join the German lender where he previously worked for 14 years, will oversee the local franchise across all business divisions and entities. Additionally, he will lead corporate coverage for the Middle East and Africa. He joins Deutsche Bank from Etihad Credit Insurance (ECI), where he acted as a director of Trade Credit Insurance and Export Finance. The appointment coincides with Deutsche Bank's expansion into Abu Dhabi Global Market (ADGM) last month, where Jean-Pierre Habis was appointed as a senior manager. (Writing by Brinda Darasha; editing by Daniel Luiz)
Arabian Business
21-05-2025
- Business
- Arabian Business
Deutsche Bank expands in UAE with Abu Dhabi Global Market licence
Deutsche Bank has announced that it has received a financial services permission from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM), enabling the bank to conduct key regulated activities within the international financial centre. The licence permits Deutsche Bank to engage in the following Regulated Activities under the Financial Services and Markets Regulations 2015: Arranging deals in investments Arranging credit Advising on investments or credit This milestone reflects Deutsche Bank's commitment to deepening its presence in the UAE and bringing the bank closer to its clients. Deutsche Bank expands in UAE with Abu Dhabi Global Market base It also supports the bank's global Hausbank strategy, which is focused on being a long-term, trusted partner to clients by staying close to them and delivering integrated financial solutions tailored to their evolving priorities, across markets, geographies, and sectors. To support its business growth, Jean-Pierre Habis has been appointed as a Senior Manager for the new ADGM branch, overseeing key aspects of the bank's regulated business activities and supporting the provision of tailored financial solutions to clients. The ADGM licence supports Deutsche Bank's ambition to connect global capital with regional opportunities and to play an active role in the region's economic transformation, aligned with national initiatives such as 'We the UAE 2031' and the 'Abu Dhabi Economic Vision 2030.' Deutsche Bank has been present in the UAE for more than 25 years. The bank first established a representative office in Abu Dhabi in 1999 and has since expanded its footprint to encompass four legal entities across the country, one of which is the newly licensed ADGM entity. Today, the bank serves clients across investment banking, corporate banking and wealth management, offering solutions that combine best-in-class global capabilities with local insight. Jamal Al Kishi, Chief Executive Officer for Middle East and Africa, said: 'Receiving this licence is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region. 'It improves our ability to deliver on our Hausbank promise — to serve as a trusted partner to clients wherever they operate.' Esra Turk, Head of CEEMEA Institutional Client Group and Chair of Investment Bank MEA, said: 'ADGM is fast becoming a hub for international finance in the region. Our expanded presence here reflects the growing importance of Abu Dhabi in our global network and reinforces our commitment to providing clients with closer access to expertise and solutions while increasing the intensity of our coverage.'
Zawya
21-05-2025
- Business
- Zawya
Deutsche Bank secures ADGM license, expanding presence in UAE
Deutsche Bank has secured a license to operate in the Abu Dhabi Global Market (ADGM) the city's financial center, and home to multiple sovereign wealth funds. Jean-Pierre Habis has been appointed as a senior manager for the new ADGM branch, Deutsche Bank said in a statement. The license allows the bank to engage in arranging, and advising on investment and credit deals. Jamal Al Kishi, Chief Executive Officer (CEO) for Middle East and Africa (MEA) said: 'Receiving this license is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region. Banks, along with hedge funds, private equity firms, and asset managers have in recent years been making a beeline to the city which has been dubbed 'the capital of capital.' Global names such as BlackRock, Polen Capital, PGIM, Nuveen, General Atlantic, Lone Star Funds, Investindustrial, Marshall Wace, AXA IM, Eiffel Investment ME, GQG Partners, SS&C Financial Services and Morgan Stanley set up in Abu Dhabi last year. (Writing by Brinda Darasha; editing by Daniel Luiz)
Zawya
21-05-2025
- Business
- Zawya
Deutsche Bank expands its UAE presence with a new ADGM license
Deutsche Bank announces today that it has received a financial services permission from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM), enabling the bank to conduct key regulated activities within the international financial center. The license permits Deutsche Bank to engage in the following Regulated Activities under the Financial Services and Markets Regulations 2015 (FSMR): Arranging Deals in Investments Arranging Credit Advising on Investments or Credit This milestone reflects Deutsche Bank's commitment to deepening its presence in the United Arab Emirates (UAE) and bringing the bank closer to its clients. It also supports the bank's global Hausbank strategy, which is focused on being a long-term, trusted partner to clients by staying close to them and delivering integrated financial solutions tailored to their evolving priorities, across markets, geographies, and sectors. To support its business growth, Jean-Pierre Habis has been appointed as a Senior Manager for the new ADGM branch, overseeing key aspects of the bank's regulated business activities and supporting the provision of tailored financial solutions to clients. The ADGM license supports Deutsche Bank's ambition to connect global capital with regional opportunities and to play an active role in the region's economic transformation, aligned with national initiatives such as 'We the UAE 2031' and the 'Abu Dhabi Economic Vision 2030.' Deutsche Bank has been present in the UAE for more than 25 years. The bank first established a representative office in Abu Dhabi in 1999 and has since expanded its footprint to encompass four legal entities across the country, one of which is the newly licensed ADGM entity. Today, the bank serves clients across investment banking, corporate banking and wealth management, offering solutions that combine best-in-class global capabilities with local insight. 'Receiving this license is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region,' said Jamal Al Kishi, Chief Executive Officer (CEO) for Middle East and Africa (MEA). 'It improves our ability to deliver on our Hausbank promise — to serve as a trusted partner to clients wherever they operate.' Esra Turk, Head of CEEMEA Institutional Client Group and Chair of Investment Bank MEA, added: 'ADGM is fast becoming a hub for international finance in the region. Our expanded presence here reflects the growing importance of Abu Dhabi in our global network and reinforces our commitment to providing clients with closer access to expertise and solutions while increasing the intensity of our coverage.' For further information, please contact: Deutsche Bank AG Press & Media Relations Mohanad Nahas Phone: +971 (0) 4 3611 754 E-Mail:
