Deutsche Bank announced on Monday the appointment of Javeed Ameen as its chief operating officer (COO) in Saudi Arabia. Ameen will be responsible for coordinating all the Bank's infrastructure functions across all business lines, product groups, legal entities and branches. Jamal Alkishi, chief country officer for Saudi Arabia at Deutsche Bank, said “this appointment underscores the bank's commitment to deepen and broaden its presence in the Kingdom of Saudi Arabia. Javeed's expertise will help us establish an optimal infrastructure that will help us meet our ambitious growth objectives in Saudi Arabia.” Javeed Ameen joined Deutsche Bank in 2001 and has held a variety of senior positions most recently as chief operating officer in India. Alexander Schuetz, chief operating officer for Deutsche Bank in the Middle East & North Africa, said “Javeed's ample experience in similar roles in emerging markets, especially in India, will benefit the efficient and well governed build-up of our important franchise in the Kingdom.” Deutsche Bank opened first branch in Riyadh in 2006. In 2007, Deutsche Securities Saudi Arabia, its subsidiary, was licensed by the Capital Market Authority to offer brokerage and custody services, as well as arranging, advising and providing investment funds management. __
