Deutsche Bank has appointed Ahmed Shehab as head of trade finance for financial institutions (TFFI) for the Middle East and North Africa (Mena) and Turkey.
He will take on the role in addition to his current position as head of the bank’s representative office in Cairo, which he has held since 2008.
In addition to his FI responsibilities, Shehab will also support the bank’s corporate teams in promoting trade finance in the region.
Shehab has been with Deutsche Bank for more than 10 years, heading the TFFI business in Egypt and other countries. According to the bank, he has been “instrumental in building Deutsche Bank’s franchise in Egypt and its TFFI capabilities across Mena”.
Commenting on the appointment, Jamal Al Kishi, Deutsche Bank’s CEO of Middle East and Africa, says: “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.”