Deutsche Bank Targets Middle East Wealth With 10 New Hires
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Deutsche Bank AG’s wealth management arm is stepping up its recruitment efforts in the Middle East, a region that has become a magnet for the world’s ultra-rich.
The German lender hired 10 bankers in recent months, many from Credit Suisse, to focus on wealthy clients and families in the Gulf, according to a top executive at the bank. Among the newcomers are Fayez El Hajj, a managing director who spent 17 years at Credit Suisse, as well as half a dozen directors.