Long-time Deutsche Bank executive Bassel Zaouk has been appointed as the new chief executive of the German bank’s securities division in Saudi Arabia.
The new role makes Zaouk responsible for all of Deutsche Securities Saudi Arabia (DSSA) activities in the kingdom.
His appointment was welcomed by Abdulhadi Shayef, chairman of the board of DSSA who referred to the company’s tradition of promoting from within.
“Bassel, being a long-serving and very capable DSSA banker, will no doubt contribute to the company’s success and growth for many years to come,” said Shayef.
Bassel joined Deutsche Bank in 2006 and has held a number of senior positions in the bank’s investment banking and wealth management divisions.
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