JPMorgan announced the appointment of Bader Alamoudi as Senior Country Officer for Saudi Arabia and General Manager of JPMorgan Chase Bank, Riyadh Branch.
In his new role at JPMorgan, Mr. Alamoudi (biography) will be responsible for the firm’s operations and business strategy in the Kingdom, and will oversee the delivery of the firm’s product offering to clients across the franchise.
He will continue to be based in Riyadh and will report to Sjoerd Leenart, Senior Country Officer for the Middle East, Turkey and Africa, and Khaled Hobballah, head of MENA Markets.
Fahad Al Deweesh (biography) will be appointed CEO of JPMorgan Saudi Arabia (profile), subject to regulatory approval. Mr. Al Deweesh will continue to act as head of Investment Banking for Saudi Arabia, a role which he has held since 2014.
“We are pleased to announce this solid new leadership team which further demonstrates the firm’s commitment to our Saudi franchise,” commented Mr. Leenart. “Bader and Fahad have been vital to the growth of our business in the Kingdom. They have a wealth of market knowledge and extensive experience, which are fundamental as we continue to offer our clients innovative products combined with excellent service.”
Mr. Alamoudi was most recently CEO of JPMSA and head of Markets for Saudi Arabia. Prior to joining the firm in 2006, he started his career at Samba Financial Group.
Prior to joining JPMorgan, Mr. Al Deweesh was head of Capital Markets at Standard Chartered in Riyadh. He will continue to report to Karim Tannir, head of MENA Investment Banking.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, the firm serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients.
Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.