Deutsche Bank opens Qatar branch

by CNNMoney.com

Deutsche Bank (NYSE:DB) AG said it officially opened its branch in the Qatar Financial Centre today from where it will be offering investment banking and private wealth management services.

The group appointed Mounir Husseini as chief country officer for Qatar and general manager of Deutsche Bank Doha.

He joins Deutsche Bank from Daimler Financial Services where he was managing director of the structured finance division.

Deutsche Bank sees a 'plethora of opportunities' in the financial sector and plans to play 'an active role in the shaping of the financial landscape of Qatar', management board member Juergen Fitschen said in a statement.

Deutsche Bank said the opening of the Qatar branch, for which it was granted a licence in January, is part of its expansion across the Middle East/North Africa region.

Besides Qatar, Deutsche Bank has branches in Dubai and Saudi Arabia. In addition it has representative and securities offices in Egypt, Bahrain, United Arab Emirates and Algeria.

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