Nayed, a former acting CEO of the Libyan Investment Authority, will also become a member of the bank’s MENA executive committee.

Based in Dubai, he will report to Ashok Aram, Deutsche Bank’s CEO for the Middle East and North Africa.

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Prior to his role with the Libyan Investment Authority, Nayed had been head of strategy and business development for Oilinvest Netherlands, as well as head of utilities and infrastructure at Amwal Investment Bank in Qatar.

Aram said: "Nayed’s experience in the financial, sovereign wealth management and energy sectors, coupled with his deep understanding of the region’s economic and social opportunities, and a broad relationship network, would positively contribute to the development of the Deutsche Bank franchise across all its businesses in the MENA region."

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