Deutsche Bank is set to name Nadeem Masud, head of its corporate and investment banking business in Dubai, as the new country head for UAE after the resignation of top banker Salman Al-Khalifa earlier this month, two people familiar with the matter said on Sunday.

Masud's appointment is waiting "final approvals", one of the sources said, speaking on condition of anonymity.

Bahraini-born Al-Khalifa, who is leaving the German lender at the end of the year, will move to the kingdom to pursue a career outside the investment banking industry, the sources said.

At Deutsche, Al-Khalifa was also head of global markets for Middle East North Africa (Mena). That role is unlikely to be replaced by the bank and will instead be split among separate teams, the first source said.

A Deutsche Bank spokesman in Dubai was not immediately available for comment. The region's banking industry has seen several top-level executive changes in recent months. Last month, Deutsche moved its top Middle East equity banker Christopher Laing to London from Dubai. Meanwhile, Morgan Stanley's top banker Habib Achkar relocated to Europe and was replaced by Kamal Jabre earlier this month.  - Reuters