Steve Klemme appointed as head of Middle East in Barclays private bank and overseas services

Steve Klemme
Updated 10 November 2017
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Steve Klemme appointed as head of Middle East in Barclays private bank and overseas services

Barclays has announced that Steve Klemme will be joining as the head of Middle East in private bank and overseas services.
With over 30-year experience in leading Middle East regional teams for global financial institutions, Klemme brings a unique depth and range of specialist expertise that will support the delivery of a high-growth strategy for private bank and overseas services across the region.
He and his teams, based in Dubai, Switzerland and London, will develop and strengthen relationships with Middle Eastern high net worth and ultra-high net worth clients through the delivery of bespoke advice and solutions and access to corporate and investment banking products and services.
Karen Frank, CEO, private bank and overseas services, Barclays, said: “This year we have completed a series of strategic appointments to deliver increased growth and returns. I’m excited to see our all new colleagues take up their seats because it shows the ambition of what we want to achieve for our clients. Klemme’s appointment significantly advances our plans to strengthen our capabilities in the Middle East.”
Francesco Grosoli, head of private bank for Europe, the Middle East and Africa, said: “Klemme’s track record in the Middle East, together with his technical expertise, will enable Barclays to originate and deliver a full range of banking, investment and credit capabilities tailored to the specific needs of our clients in the region. Klemme will focus on growing our Middle East market, by expanding and deepening our client relationships and delivering solutions from across Barclays International.”


Labor ministry partners with Al-Nahdi to train Saudis

Updated 26 April 2018
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Labor ministry partners with Al-Nahdi to train Saudis

The Makkah region branch of the Ministry of Labor and Social Development (MLSD) has signed a nationalization agreement for the Saudi pharmacies sector with Al-Nahdi Medical Company.

The agreement covers preparing and qualifying young Saudi men and women for the labor market, by providing training programs offered by Al-Nahdi Medical Company at their school, Al-Nahdi Academy.

The signing ceremony was held in the presence of Abdallah bin Ahmed Al-Tawi, director of the Makkah region branch of the Ministry of Labor and Social Development, and Youssef Al-Harthi, who attended on behalf of Al-Nahdi Medical Company’s CEO Yasser Jawhergi.

The agreement comes under Al-Nahdi’s strategy, which is in line with the Saudi Vision 2030. Al-Nahdi aims to expand its community-health services in cooperation with the Ministry of Labor and Social Development. The company said it also aims to activate the role of the private sector in supporting Saudization programs, while creating real and sustainable opportunities for the Saudi youth to play an important role in the cultural and societal progress that the Kingdom is witnessing.

Al-Tawi said the initiative aims to enforce related decisions and programs that empower the Saudi youth to embark on their careers and enhance public-private partnerships.

“Through this agreement with Al-Nahdi company, we also seek the nationalization of the private sector in the different regions of the Kingdom, along with increasing the percentage of the national working force in the labor market by enabling effective partnerships with the private sector,” he said.

Jawahergi highlighted the importance of the agreement in light of the Kingdom’s road to national transformation. “We are committed to creating a sustainable and advantageous work environment for our citizens and society. Our goal is to achieve a real partnership between the public and private sectors, in order to support the Saudi youth of both genders, and create new nationalization opportunities,” he said.

Jawahergi added: “This initiative is considered to be one of the most important initiatives in line with the Saudi Vision 2030, as it establishes an effective and real partnership between the members of our society.”

Al-Nahdi is a Saudi retail pharmacy chain that was founded by Sheikh Abdullah Amer Al-Nahdi in 1986 as a sole proprietorship.