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Deutsche Bank appoints Majed Julfar to head UAE business
Deutsche Bank appoints Majed Julfar to head UAE business

Zawya

time8 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)

Deutsche Bank appoints Majed Julfar as Head of Corporate Coverage Middle East & Africa and Chief Country Officer for the UAE
Deutsche Bank appoints Majed Julfar as Head of Corporate Coverage Middle East & Africa and Chief Country Officer for the UAE

Zawya

time9 hours ago

  • Business
  • Zawya

Deutsche Bank appoints Majed Julfar as Head of Corporate Coverage Middle East & Africa and Chief Country Officer for the UAE

Deutsche Bank today announced the appointment of Majed Julfar as Head of Corporate Coverage for the Middle East and Africa (MEA) and Chief Country Officer (CCO) for the United Arab Emirates, effective immediately. Based in Dubai, Julfar will lead Deutsche Bank's Corporate Bank client Coverage strategy across the region and act as the bank's most senior representative in the UAE, responsible for overseeing the local franchise across all business divisions and entities. Julfar brings more than 25 years of experience in corporate and investment banking across the region. He joins Deutsche Bank from Etihad Credit Insurance (ECI), where he acted as a Director of Trade Credit Insurance and Export Finance. He previously held senior roles at Deutsche Bank, where he was part of the Investment Bank coverage team managing key regional client relationships. Earlier in his career, he also held key senior management positions in leading financial institutions including Emirates NBD, Dubai Bank, and ABN AMRO Bank. Commenting on the appointment, Jamal Al Kishi, Chief Executive Officer (CEO) for Middle East & Africa, said: 'Majed's appointment reflects the strength of our commitment to the UAE and the wider MEA region. His deep client relationships and understanding of regional markets will be critical as we continue to grow our business and deliver best-in-class solutions to our clients.' Chintan Shah, Head of Corporate Coverage APAC & MEA, added: 'Majed's leadership will strengthen our ability to align global product capabilities with local client needs. His appointment supports our strategy of building a highly coordinated, client-focused coverage model across the MEA region.' The appointment follows Deutsche Bank's recent expansion in the UAE with the granting of a new branch license in Abu Dhabi Global Market (ADGM), reinforcing its long-term commitment to the market and enhancing its ability to support clients in both Abu Dhabi and Dubai. Deutsche Bank has been present in the UAE since 1999 and offers a full range of financial services including corporate banking, investment banking, and wealth management. +++

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