Deutsche Bank PB Relocates Vice Chair to Middle East
The private wealth division of Deutsche Bank is relocating its global vice chair to the Middle East, finews.asia has learned, in a move to further its commitment to the region.
Salman Mahdi, global vice chairman of Deutsche Bank Private Bank, will be relocating from the UK to the Middle East in early 2026, according to an internal memo seen by finews.asia.
For the remainder of 2025, Mahdi will travel extensively across the region for senior client engagement with a significant focus on Saudi Arabia. His role and connectivity with the rest of the private bank network will be unchanged and he will continue to chair the Global Key Client Forum.
Regional Growth
The German private bank has been positioning itself for growth in the Middle East, having organized trips to Saudi Arabia and the United Arab Emirates earlier this year to explore opportunities in priority sectors with global investors and regional stakeholders. It has also been «investing substantially» to build out front office coverage in the region.
«By basing one of our most senior leaders in the Middle East, we are underlining the importance of the Middle East to Private Bank’s global strategy,» said the note authored by head of private bank Claudio de Sanctis and Julian Thurston, the private bank’s head of strategy, marketing and client management.
A spokesperson for the bank confirmed the contents of the memo.
