Skip to content
Subscriber Only

Deutsche Bank Plans Saudi, Dubai Hires as Sovereigns Drive Deals

  • Lender sees good pipeline of bond sales, IPOs, privatizations
  • Also targeting Middle East as priority for wealth management
Bank Brexodus Gets Closer as Deutsche Bank Relocates Booking
Photographer: Krisztian Bocsi/Bloomberg

Deutsche Bank AG is expanding in Saudi Arabia and the United Arab Emirates as the lender expects sovereign bond sales and initial public offerings to drive deals this year.

The Frankfurt-based bank plans to hire in Dubai and Abu Dhabi to cover sovereigns and large corporates, Jamal Al Kishi, chief executive officer for the Middle East and Africa, said in an interview in Dubai. It’s also built its team in Saudi Arabia to about 90 people on expectations that the nation’s stock exchange may be upgraded to emerging market status by two major index providers this year.