Deutsche Bank Hires Credit Suisse’s Trio to Woo Saudi Ultra-Rich
The headquarters of Deutsche Bank AG in Frankfurt, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Deutsche Bank AG has poached three wealth managers from Credit Suisse Group AG in pursuit of ultra-rich clients in Saudi Arabia as the German lender strengthens its global private banking franchise.
A Geneva-based team from its Swiss rival will join Deutsche Bank’s offshore team on March 1. Consisting of industry veteran Jamal Abi-Chahine, Toufic Rizkallah and Giulio Ferri, the group will report to Ahmed Hammouda.