Mubasher: Deutsche Bank's Wealth Management has appointed Mubashar Ayoob as the head of its wealth management operations in the GCC region, effective immediately.

Under his new position, Ayoob will manage the regional team, while continuing to service some of Deutsche Bank’s largest relationships in the GCC.

Ayoob will be a successor to Fred Hilal, according to a press release on Wednesday.

“Ayoob will also join Deutsche Bank‘s Dubai International Financial Centre (DIFC) Executive Committee and its United Arab Emirates (UAE) Executive Committee,” the press release concluded.