The bank said it intends to build out its franchise in the region, and sees potential for "significant growth".

Deutsche Bank today has named Loïc Voide and Kees Hoving as co-chief executives in the Middle East and Africa, based in Dubai. They replace Jamal Al Kishi, who left Deutsche bank earlier this year to become deputy group CEO at Bahrain-based Gulf International Bank.

In addition to their co-CEO roles, Voide is appointed head of the international private bank for MEA, chief country officer for the UAE and general manager of Deutsche Bank AG Dubai Branch, subject to regulatory approval. Hoving is appointed as head of the corporate bank for MEA and head of corporate coverage for MEA.

“Their appointment underscores our ambition to grow our client franchise in a region where we continue to see potential for significant growth for a business with our footprint and capabilities,” Claudio de Sanctis, global head of the IPB and CEO Europe Middle East & Africa (EMEA) for Deutsche Bank, said.

Voide joined Deutsche Bank’s Wealth Management division in 2015 to cover the Turkish market and was subsequently appointed head of wealth management for Russia and Eastern Europe. In 2018, he was appointed head of wealth management MEA as well as head of Deutsche Bank Geneva. Wealth management became part of Deutsche Bank’s newly created International Private Bank in June. 

Before joining Deutsche Bank, Voide held several senior management positions at UBS and Credit Suisse covering the Middle East and Turkey. He has over 30 years of private banking experience since beginning his career as a bank apprentice with the Swiss Bank Corporation (now UBS) in 1990.

Hoving joined the German bank in 2010 as head of corporate transaction banking in Germany. In 2013, he moved to the Netherlands as head of the corporate banking business there and CEO of Deutsche Bank Nederland NV. In 2014, Hoving was appointed head of global transaction banking, responsible for EMEA (ex Germany) based in Frankfurt. In 2016, he returned to the Netherlands as the CCO. Prior to Deutsche Bank, Hoving held various senior positions over a 14–year period at Royal Bank of Scotland, Bank of America, JP Morgan and ING in London, Frankfurt, Moscow and Amsterdam.