Deutsche Bank appoints Fred Hilal Head of Wealth Management in the Gulf Region

Dubai, UAE, January 23, 2017:  Deutsche Bank today announced the appointment of Fred Hilal as Head of Wealth Management in the Gulf region (excluding Kingdom of Saudi Arabia). In this role, Hilal will lead Deutsche Bank's client coverage across the Gulf. Based in Dubai, he reports to Steve Wainwright, Head of Wealth Management Middle East and Africa. 

Steve Wainwright said: 'I am delighted to welcome Fred to our team. With this appointment we further strengthen our Gulf business which is strategically important to the development of our Wealth Management capabilities and demonstrates the importance of the wider Middle East region.” He added, “We see tremendous potential for services to wealthy clients with sophisticated needs in the region. Together with the Wealth Management Kingdom of Saudi Arabia coverage team in Riyadh led by Sascha Pietrek, we have a proven track record in the region and a deep understanding of our clients' needs. This expertise offers an opportunity for us to further accelerate the growth of our footprint in the Gulf'.

Jamal Al Kishi, Chief Executive Officer Middle East and Africa said: 'Fred has a solid track record in this industry and is an invaluable addition to our MEA Wealth Management platform. His regional experience and deep market insights complement the well established strength of our local team and will add further momentum to the growth of our business.'

Hilal has more than 20 years of experience across the Wealth Management industry.  He worked the majority of his career at Merrill Lynch where he held various senior leadership positions in their Wealth Management division in Dubai, Monaco, Geneva and Lebanon, including Global Head of Wealth Management Middle East and Country Executive Monaco.  He also worked on several assignments as Chief Executive Officer of Bahrain, Head of Saudi Arabia and Co-Head Continental Europe, focusing on Paris, Madrid and Turkey.  Hilal was a permanent Board Member of Merrill Lynch in Lebanon and a member of the EMEA Wealth Management Management Committee.