Deutsche Bank has announced the appointment of Mohammed Alajmi as general manager of Deutsche Bank AG Riyadh Branch in Saudi Arabia.
Jamal Al-Kishi, chief executive officer, Middle East and Africa, said: “Over 12 years, our bank has grown its presence in the Kingdom to now boast one of the largest populations of local Saudi talent at any international financial institution. The development of our workforce is just one example of Deutsche Bank’s deep commitment to the Kingdom and Mohammed’s appointment is a further reflection of the strength of our local Saudi team, of which we are extremely proud.”
He added: “I am confident Mohammed will utilize his impressive network and deep local knowledge of the financial sector.”
In his new role, Alajmi will oversee the bank’s business regulated by the Saudi Arabian Monetary Authority (SAMA), working closely with business units and infrastructure functions to deliver the bank’s services to its Saudi clients whilst ensuring strict compliance with regulatory requirements.
Alajmi joined Deutsche Bank in 2012 after more than a decade’s experience working in local financial institutions in the Kingdom. He was appointed chief operating officer in June 2015 overseeing the bank’s activities across all businesses and infrastructure functions.