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Expanding in MENA: The Deutsche Experience

by Isaac Thomas, Director, Trade Finance/Cash Management Corporates,
MENA Region, Global Transaction Banking

Despite the global recession, the Middle East and North Africa (MENA) continues to be a region of attractive business opportunities. Deutsche Bank is one of the few international banks that is strengthening its commercial and transaction banking presence in the region. Isaac Thomas, Regional Head of Trade Finance and Cash Management Corporates, talks about 2008 and prospects for 2009.

What were the highlights in 2008 for Deutsche Bank’s corporate business in trade finance and cash management in the MENA region?

There were several highlights, but the biggest one was Deutsche Bank’s decision to build up a specific corporate cash management and trade services team for the region.