Swiss banking group Credit Suisse has appointed Khalid Al Ghamdi as the new CEO for its business in Saudi Arabia, reported Reuters.

Al Ghamdi is said to assume the new responsibility next month.

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He will join from Mizuho Saudi Arabia, where he holds the role of managing director.

Previously, he spent more than 13 years at GIB Capital, latterly as the acting CEO and head of investment banking.

None of the parties commented on the appointment.

Notably, Credit Suisse received Saudi banking licence earlier this year.

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Recent leadership changes at Credit Suisse

Last month, Credit Suisse named Richard Gibb as the new CEO for its Australia unit.

Philipp Wehle was named as the new CEO of the bank’s international wealth management unit.

The bank recently also appointed Hazem Shawki as the new head of its Middle East, Turkey and Africa investment banking and capital markets arm.

Shawki will join Credit Suisse from Goldman Sachs in October this year.

Some of the other notable management changes made by the bank in 2019 include the appointment of Tang Zhenyi as China CEO, Lara Warner as group chief risk officer, Lydie Hudson as compliance chief, Daniel Wild as global ESG head, and Natt Thanomsat as the wealth management head in Thailand.