JPMorgan Names Raza Head of Mideast, N. Africa Corporate Banking

JPMorgan Chase & Co. (JPM) appointed Asif Raza to lead its corporate banking business for the Middle East and North Africa as it expands in the oil-rich region.

Raza will report to Sjoerd Leenart, senior country officer for MENA and Jose Linares, head of the corporate banking division for Europe, Middle East and Africa, according to a memo obtained today by Bloomberg News. The contents of the document were confirmed by a bank spokeswoman. Raza was previously head of treasury and investor services in the region for JPMorgan.

The New York-based bank is boosting its presence in the Middle East, hiring executives from banks including Nomura International Plc and HSBC Holdings Plc. It promoted Rayan Fayez as senior country officer for Saudi Arabia in December.

The lender appointed Ali Moosa as head of treasury services for MENA, replacing Raza. Moosa will also retain his role as senior country officer for Bahrain, Egypt & Lebanon and also report to Leenart, according to the memo.

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