Page 168 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2025

6/12/25, 4:40 PM Majed Julfar is back with Deutsche Bank as Chief Country Officer - Arabian Business: Latest News on the Middle East, Real Estate,…
Julfar returns to Deutsche Bank

Julfar replaces Kees Hoving, who retired earlier this year, as the UAE’s chief country

officer.

With more than 25 years of experience in corporate and investment banking across the
region, Julfar re-joins the bank from Etihad Credit Insurance, where he worked since 2019

and was the Director of Trade Credit Insurance and Export Finance. In his previous role

with Deutsche Bank, he held senior positions in the Investment Bank coverage team,
managing key regional client relationships.

Julfar has also had senior leadership stints with Emirates NBD, Dubai Bank, and ABN

AMRO Bank.

Jamal Al Kishi, Chief Executive Officer (CEO) for Middle East & Africa, commented:
“Majed’s appointment reflects the strength of our commitment to the UAE and the wider

MEA region. His deep client relationships and understanding of regional markets will be
critical as we continue to grow our business and deliver best-in-class solutions to our

clients.”

Chintan Shah, Head of Corporate Coverage APAC & MEA, added: “Majed’s leadership will
strengthen our ability to align global product capabilities with local client needs. His

appointment supports our strategy of building a highly coordinated, client-focused
coverage model across the MEA region.”

The appointment follows Deutsche Bank’s recent expansion in the UAE with the

granting of a new branch license in Abu Dhabi Global Market (ADGM). The bank has

been present in the UAE since 1999.

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