JPMorgan Appoints New Head of Investment Banking in Saudi Arabia

JPMorgan Chase & Co. has appointed Omar El Amine Fichtali as head of investment banking in Saudi Arabia, according to an internal memo seen by Bloomberg News.

The move comes weeks after one of the lender’s top bankers in the kingdom, Fahad Al-Deweesh, left to join Citigroup Inc. as competition for banking talent in the region’s biggest economy heats up.

El Amine Fichtali joined JPMorgan’s London office in 2007 with a focus on technology, media and telecommunications investment banking and has worked in various roles with the Middle East and North Africa investment banking team in Dubai and Riyadh. ...