Credit Suisse strengthens Private Banking team for Saudi Arabia

This underlines Credit Suisse's commitment to further strengthening its activities and services to clients in this dynamic growth market.

Bruno Daher, Head of Private Banking in the Middle East/Indian Sub-Continent and Co-CEO of the Middle East, commented: 'I am delighted that these talented individuals are joining Credit Suisse to complement our existing team of specialists for Saudi Arabia. They will be instrumental in helping us to further strengthen our presence in this important and rapidly growing private banking market. People are a key component in Credit Suisse's growth plans and we offer a compelling client value proposition to attract and retain the top talent.'

Ashraf Bajsair has been appointed Team Leader. Prior to joining Credit Suisse, he was Head of Private Banking for BNP Private Bank in Jeddah. Previously, he worked as a private banker for Banque Saudi Fransi in Jeddah. Mr. Bajsair will head a team of five relationship managers. Jihan Amiry joins the team from BNP Paribas in Dubai. Mazen Takhah joins Credit Suisse from Banque Saudi Fransi in Jeddah and Karl Abdelnour joins from Banque Saudi Fransi in Al Khobar. Zohaer Eitani joins from American Express. Khalid Bin Mahfooz joins Credit Suisse from BNP Paribas in Riyadh.

This Dubai-based team complements the existing dedicated resources in Zurich, Geneva and London covering Saudi Arabian clients. Credit Suisse has been building its knowledge and understanding of the Middle East region for over three decades. As a result of the dynamic economic development and considerable opportunities for wealth creation, Middle East has become one of Credit Suisse's core growth markets.