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Wed 13 Jan 2016 12:08 PM

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Deutsche Bank appoints new UAE country head

Rafik Nayed takes over from Nadeem Masud who left the German bank at the end of 2015

Deutsche Bank appoints new UAE country head
The headquarter of the Deustche Bank, Germanys biggest lender, is pictured in Frankfurt am Main, western Germany on January 29, 2014 ahead of their annual results press conference. (Daniel Roland/AFP/Getty Images)

Deutsche Bank has appointed Rafik Nayed as chief country officer for the United Arab Emirates and senior executive officer of the bank's Dubai branch, it said in a statement on Wednesday.

Nayed takes over from Nadeem Masud who left the German bank at the end of 2015, it said.

Nayed continues to serve as the vice chairman of Deutsche Bank for the Middle East and North Africa, it added.

Masud joined Aramis Partners, a Dubai-based private equity and advisory firm with a Middle East focus, Reuters reported on Jan. 6.

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