By Elizabeth Broomhall
Henry Azzam, who joined lender in 2010, is one of the region’s most senior bankers
The chairman of Deutsche Bank’s
Middle East and North Africa division has stepped down, the
German lender confirmed Sunday.
Henry Azzam, one of the region’s
most high profile banking figures, will remain with the company as an adviser, but
will no longer head the firm’s regional operations.
"We confirm that Dr Henry Azzam
has stepped down as non-executive chairman for MENA,” a spokesman from the bank
said. “But he will remain with the bank as an adviser.”
The spokesperson declined to comment
on whether Azzam had been replaced.
Azzam was appointed non-executive
chairman for the MENA region in 2010. Prior to this, he held the position of
CEO of the regional business for three years.