Mon, Mar 23, 2015

Business, Banking & Finance
DSSA appoints chief economist

Deutsche Securities Saudi Arabia (DSSA), a Capital Market Authority (CMA)- licensed securities firm wholly owned by Deutsche Bank, has appointed Dr Melhem Melhem as its Chief Economist Saudi Arabia. 

Dr Melhem will be based in Riyadh and report to Jamal Al Kishi, Chief Executive Officer, DSSA. 

Dr Melhem joined DSSA on December 1, 2014. Prior to joining, his work experience included a 27-year career at the International Monetary Fund (IMF) where he held various positions including Senior Advisor to the Saudi Arabian Executive Director. 

Utilising his rich experience and intimate knowledge of the Saudi economy, Dr Melhem will cover the Saudi economy and will provide advice on related matters to DSSA’s global and local clients. 

Al Kishi comments: “We are delighted to bring the expertise and informed perspective of an accomplished economist of Dr Melhem's calibre into Saudi Arabia. Our senior managers along with Saudi and global clients will derive significant value from his knowledge and analysis.”

Ashok Aram, Chief Executive Officer Middle East and Africa at Deutsche Bank, adds: “The deployment of such a senior economist is further evidence of Deutsche Bank Group's commitment to Saudi Arabia and its belief in the great potential of the Saudi market.”

Dr Melhem holds a PhD in economics and international finance from New York University.

Deutsche Bank is a leading client-centric global universal bank serving 28 million clients worldwide. It provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. 

Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

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