Deutsche Bank holds ‘investment conference’ in KSA

Jeddah / Emirates Business

Deutsche Bank’s 2017 Market Outlook conference, titled ‘Global and Regional Investment Perspectives 2017’, the third event of its kind for Deutsche Bank in Saudi Arabia, opened at the Park Hyatt Hotel in Jeddah-Marina. The conference explored pressing macro issues affecting economies, capital markets, companies, family offices and individual investors around the Middle East & North Africa (MENA) region and beyond.
More than 100 conference delegates heard leading Deutsche Bank strategists and economists present on a range of topics including the global and Middle Eastern economies, equity markets, foreign exchange and alternative investments in European real estate.
Deutsche Bank’s Head of Wealth Management in Saudi Arabia, Sascha Pietrek, said: “Evolving global growth dynamics and political events such as the U.S. elections and Brexit referendum decision made 2016 an exciting year for our portfolio managers. Heading into 2017, Brexit implementation and French and German elections will contribute to further periods of higher volatility. But, with global growth picking up, we think that volatility will help create a
wide range of potential investment opportunities.”
Jamal Al Kishi, CEO Middle East & Africa and Chief Executive Officer of Deutsche Securities Saudi Arabia, added: “Deutsche Bank has a proud history in Saudi Arabia and to bring a conference of this caliber to our clients for the third year in a row is testament to our commitment to our important clients here. We are continuing to see strong interest and fund inflows into the local and regional MENA economies this year, which has intensified since the launch of Saudi Arabia’s successful US$17.5 billion sovereign bond this year.
This conference has cemented our view that tangible opportunities for our local and international clients exist in this dynamic market, despite ongoing global and regional challenges.”
The conference brought together more than 20 institutional investors, 40 individual investors and representatives from 15 family offices and 20 companies from the Kingdom of Saudi Arabia.