Deutsche Bank expands MENA equities platform

by Richard Kilner

Story link: Deutsche Bank expands MENA equities platform

Germany’s largest bank, Deutsche Bank, has announced that its Middle East and North Africa equities platform is to be expanded both in terms of personnel and product offering.

Its equities platform will now include trading, sales trading and equity capital markets and has been bolstered with a pair of senior appointments.

Ahmed Beydoun becomes the new head of Equities in the Middle East and North Africa (MENA), assuming overall responsibility for the firm’s regional equities business.

In his new Dubai-based role, Beydoun will supervise sales, sales trading, equity trading and prime brokerage and be directly responsible to Salman Al Khalifa, leader of Global Markets Sales for the Middle East and North Africa.

Beydoun joins Deutsche Bank from Swiss investment bank UBS, where he worked for 12 years, most recently as head of MENA equities.

Michael Majdalany becomes director of Equities, and also joins from UBS where he spent eight years.