The chief executive previously worked at Mizuho, the Japanese firm.

Credit Suisse has appointed Khalid Al Ghamdi, who has been managing director at Mizuho Saudi Arabia, as its new Saudi Arabia CEO, this publication can confirm. He starts his new role at Credit Suisse in September.

Al Ghamdi was named managing director and executive board member of Mizuho Saudi Arabia in early 2018.

In July, the Zurich-listed bank appointed Hazem Shawki, a former Goldman Sachs banker, as the new head of its Middle East, Turkey and Africa investment banking and capital markets division.

Reuters said in a report that Credit Suisse was recently awarded a full banking licence by Saudi Arabia’s central bank.

To see a recent overview of the MENA region, click here. For details about WealthBriefing’s upcoming Middle East and North Africa region awards, see here.