Deutsche Bank today announced the appointment of Ahmed Shehab as Head of Trade Finance for Financial Institutions (TFFI) in the Middle East and North Africa (Mena) and Turkey in addition to his current role as Head of Deutsche Bank AG Representative office in Cairo.  

 

Based in Egypt, Shehab will be responsible for driving the development and execution of Deutsche Bank’s TFFI business growth strategy in Mena and Turkey for Trade Finance business directly originated from Financial Institutions. Moreover, he will also support Deutsche Bank’s corporate teams to promote trade financing in the region.

 

Commenting on the appointment, Jamal Al Kishi, Chief Executive Officer Middle East & Africa (MEA), said: “Ahmed’s experience and high-quality relationships with Financial Institutions has led to the execution of a number of landmark Trade Finance transactions both in Egypt and in MENA. Ahmed’s expertise and broader involvement will help us grow and consolidate our Financial Institutions business in general and the TFFI sector in particular.”

 

Shehab, an Egyptian National, has been with Deutsche Bank for more than 10 years heading the TFFI business in Egypt among other countries including in North Africa, Lebanon and Jordan. He was appointed as the Head of Deutsche Bank AG’s Representative Office in Cairo in 2008 and has been instrumental in building Deutsche Bank’s franchise in Egypt and its TFFI capabilities across MENA. Ahmed is also a member of the MEA Executive Committee.

 

Established in 1959, Deutsche Bank AG Cairo’s Representative Office was the first physical presence for the Bank in Mena. The bank is licensed by the Central Bank of Egypt to be the point of contact between Deutsche Bank’s global network and its Egyptian clients.  - TradeArabia News Service