Deutsche Bank announced the appointment of Rafik Nayed as Chief Country Officer (CCO) for the United Arab Emirates and Senior Executive Officer of Deutsche Bank AG Dubai (DIFC) Branch. Effective immediately, Mr. Nayed takes over from Nadeem Masud who left Deutsche Bank at the end of 2015 to pursue opportunities outside the banking industry. Mr. Nayed continues to serve as the Vice Chairman of Deutsche Bank for the Middle East & North Africa (MENA).

With over 23 years experience in the financial services industry, Mr. Nayed joined Deutsche Bank in 2013 as Vice Chairman of the MENA region. Before joining Deutsche Bank, he was the Interim Chief Executive Officer of the Libyan Investment Authority and prior to that he worked for many years in the oil and gas and financial services industries in a variety of senior positions.