JPMorgan Hires Ahmed Saeed From Nomura for Middle East Coverage

JPMorgan Chase & Co. (JPM) hired Ahmed Saeed to head its public sector coverage in Middle East as the biggest U.S. bank boosts its presence in the oil-rich region.

Saeed joins from Nomura International Plc where he was a managing director focusing on public sector clients in the Middle East, JPMorgan said in an e-mailed statement today. Previously he worked with the U.S. Department of Treasury in Washington, D.C, and Cerberus Middle East Capital Advisors Ltd.

JPMorgan said in July it hired Rayan Fayez from Goldman Sachs Group Inc. to head its investment banking business in Saudi Arabia. In April, the bank hired Declan Hegarty as a senior banker in the United Arab Emirates from HSBC Holdings Plc, and appointed Abdulaziz Al Helaissi as head of its global corporate bank for the Middle East and North Africa.

Saeed will report to Al Helaissi, who is also the country officer for Saudi Arabia, the biggest Arab economy that’s in the process of opening up its stock market to foreign investors.

To contact the reporter on this story: Deema Almashabi in Riyadh at dalmashabi@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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