German banking giant Deutsche Bank is planning to make the Dubai International Financial Centre (DIFC) the hub for its African operations to have greater access to the region’s growing economies.
The bank’s board has approved the move, Ashok Aram – who heads Deutsche Bank in the Middle East- made the announcement at the Bloomberg Future Cities Forum in Dubai.
Go deeper with GlobalData
Following the decision, Aram will also take charge of Africa, including South Africa and Nigeria.
However, the rival banks like Standard Chartered and Barclays have shifted their African businesses from Dubai to Johannesburg in recent years.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
