JPMorgan appoints co-heads of Mideast investment banking

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A man or woman enters the JPMorgan Chase & Co. New York Head Quarters in Manhattan, New York Town, U.S., June 30, 2022. REUTERS/Andrew Kelly

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DUBAI, July 14 (Reuters) – JPMorgan has appointed Hani Deaibes and Ahmed Salem as co-heads of its Center East and North Africa expense banking small business, the U.S. lender reported in a assertion on Thursday.

Deaibes, at JPM given that 2007, was head of the bank’s financial debt capital markets (DCM) business enterprise for the Middle East. He was formerly at Merrill Lynch in London for 7 several years, the place he headed its MENA DCM business.

Salem, dependent in Dubai, joined JPM in 2011 as head of investment banking for Bahrain, Egypt, Kuwait and Oman. Before that, he worked at Deutsche Financial institution for two yrs and Citi for 11 several years, the place he also labored in financial commitment banking.

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Deaibes and Salem will report to Dorothee Blessing and Conor Hillery, co-heads of investment decision banking in Europe, the Center East and Africa, as nicely as to Khaled Hobballah, senior region officer for MENA.

“Hani and Ahmed have been essential figures in the growth of our regional enterprise and, amongst them, have unparalleled marketplace know-how,” Hobballah mentioned in the assertion.

“Their appointments reveal the firm’s unwavering commitment to its MENA franchise and also replicate our ongoing emphasis in offering ground breaking alternatives and exceptional provider to our consumers.”