Deutsche Bank has hired Jamal Al Kishi as its new CEO for Middle East and Africa, replacing Ashok Aram.

He will remain CEO of Deutsche Securities Saudi Arabia, subject to regulatory approvals. He will also chair the Middle East and Africa (MEA) Executive Committee.

Al Kishi joined Deutsche Bank in 2007 as CEO Deutsche Securities Saudi Arabia and head of Corporate and Investment Banking. He previously spent over 12 years in corporate and investment banking in Saudi Arabia.

Prior to that, he worked as a senior executive at Arab National Bank for 10 years and also worked in corporate banking with Saudi American bank, based in Riyadh.

Aram will relocate to Frankfurt to assume a role as CEO Europe, Middle East and Africa (excluding Germany and the UK).

Additionally, the bank has also named Salah Jaidah as chairman of the Middle East and North Africa. In his new role, Jaidah will lead Deutsche Bank’s comprehensive efforts with its core clients.

Jaidah will also continue to serve as general manager for Deutsche Bank Doha (QFC) Branch and as chief country officer Qatar and will continue as a member of the MEA Executive Committee.

Jaidah, who joined Deutsche Bank in 2011 as chief country officer for Qatar and vice chairman for the Middle East and North Africa, previously served as CEO of Qatar Islamic Bank (QIB).

Prior to joining QIB, Jaidah worked as general manager of Doha Bank and also with the Commercial Bank of Qatar.

Aram said: “The Middle East and Africa remains an important part of the Bank’s global network with potential for significant growth aligned with the execution of Strategy 2020.

“The new Regional Management leadership team overseeing Deutsche Bank ‘s Middle East and Africa business operations, promoted from within our existing pool of strong, local talent, will ensure clients in the Middle East and Africa retain access to the Bank’s global expertise.”