Rasmala Investment Bank has hired Zaid Ghoul as its new head of investment banking, the company's chairman said Tuesday.

Ghoul, who joins Rasmala from PricewaterhouseCoopers  where he was a partner focusing on corporate finance and business recovery services, will start on December 1, Ali Shihabi told Reuters.

Rasmala, with around $900 million in assets, closed its retail brokerage arm in May to focus on institutional business.-Reuters