Deutsche Bank has secured a license to operate in the Abu Dhabi Global Market (ADGM). The license allows the bank to engage in arranging, and advising on investment and credit deals.
Jean-Pierre Habis has been appointed as a Senior Manager for the new ADGM branch, overseeing key aspects of the bank’s regulated business activities and supporting the provision of tailored financial solutions to clients. He has been at the bank for 4 years in Dubai as Director - MENA Coverage. Before this he spent almost 10 years with Standard Chartered latterly as Director, MENA Institutional Sales in Dubai.
The bank first opened a representative office in Abu Dhabi in 1999, and now maintains four legal entities in the country, including the newly licensed ADGM branch.
Jamal Al Kishi, Chief Executive Officer for Middle East and Africa (MEA) said: “Receiving this license is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region. The ADGM license supports Deutsche Bank’s ambition to connect global capital with regional opportunities and to play an active role in the region’s economic transformation, aligned with national initiatives such as “We the UAE 2031” and the “Abu Dhabi Economic Vision 2030.”
The license permits Deutsche Bank to engage in the following Regulated Activities under the Financial Services and Markets Regulations 2015 (FSMR):
- Arranging Deals in Investments
- Arranging Credit
- Advising on Investments or Credit
