Deutsche Securities Saudi Arabia (DSSA), a CMA-licensed securities firm owned by Deutsche Bank AG, on Monday announced the appointment of Bassel Zaouk as Chief Executive Officer. As CEO of DSSA, Bassel will assume overall responsibility for DSSA's Securities business activities in the Kingdom. Commenting on the appointment, Abdulhadi Shayef, Chairman of the Board of DSSA, said: "I am delighted at this appointment, which continues DSSA's tradition of promoting from within. Bassel, being a long-serving and very capable DSSA banker, will no doubt contribute to the company's success and growth for many years to come." Jamal Al Kishi, Chief Executive Officer for Middle East and Africa, said: "Over his 13 years with Deutsche Bank, Bassel has successfully built high-quality relationships with both corporates and family offices and gained deep knowledge of the Saudi market. His well-rounded knowledge of and experience in wealth management and investment banking product verticals will enable him to discharge his leadership responsibilities effectively. I wish him success." Bassel joined Deutsche Bank in 2006 and has held a number of senior positions in both the Investment Banking and Wealth Management divisions. DSSA obtained its license by the Capital Market Authority (CMA) in 2007 and commenced business activities in 2008. Since its inception, DSSA received a number of awards and accolades for its involvement on landmark transactions in Saudi Arabia. — SG
