Deutsche Bank appoints Rafik Nayed as Vice Chairman for Middle East and North Africa

Dubai - 27 March 2013

Deutsche Bank announced today the appointment of Rafik Nayed as Vice Chairman for the Middle East and North Africa (MENA).

Nayed will be a Member of Deutsche Bank's MENA Executive Committee and will report to Ashok Aram, Deutsche Bank’s Chief Executive Officer for the Middle East and North Africa.

Ashok Aram said “We are extremely pleased that Rafik has joined our regional management team in a key leadership role. His extensive experience in the financial, sovereign wealth management and energy sectors will play an important role and will positively contribute to the development of the bank´s MENA franchise across all businesses. He brings in a strong track record of accomplishments, a deep understanding of the region's economic and social opportunities, and a broad relationship network, which will continue to support Deutsche Bank's growth in this important region.”

Most recently Nayed was the Interim Chief Executive Officer of the Libyan Investment Authority. Prior to that, Nayed was the Head of Strategy & Business Development for Oilinvest Netherlands and the Head of Utilities and Infrastructure at Amwal Investment Bank in Qatar.

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