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J.P. Morgan hires Rayan Fayez as Head of Saudi Arabia Investment Banking

Jul 25, 2012

London, Riyadh – J.P. Morgan announces today the appointment of Rayan Fayez as head of its investment banking business in Saudi Arabia. In addition, Mr. Fayez will become co-CEO of J.P. Morgan Saudi Arabia Limited, together with Bader Alamoudi, which will continue to act as Head of Sales and Marketing for Saudi Arabia, overseeing the markets business.

Commenting on the appointments Sjoerd Leenart, Senior Country Officer for the MENA region, said: “ Ryan’s joining and Bader’s move underscore J.P. Morgan's strong commitment to Saudi Arabia and our Saudi clients, some of which we have been serving for over 75 years.”

Abdulaziz Al Helaissi, Senior Country Officer for Saudi Arabia, said: “I am pleased to welcome on board Rayan and Bader. Their extensive skills and prominent track record will help us to serve locally our Saudi clients even better than before”.

Mr. Fayez joins from Goldman Sachs where he was most recently Chief Executive Officer and Head of Investment Banking in Saudi Arabia. He started his career in 2002 in the Natural Resources Group at J.P.Morgan first in New York and then in London. He has also served the Saudi Arabian Capital Market Authority in 2005, contributing to development of the Saudi regulatory framework of initial public offering and takeover. He will be based in Riyadh and report to Karim Tannir, Head of Investment Banking coverage for the MENA region.

Mr. Alamoudi joined J.P. Morgan in 2006, having held various positions within the markets business. Based in Riyadh, he will continue to report to Khaled Hobballah, head of Sales and Marketing for the MENA region.

J.P. Morgan Saudi Arabia Limited is the firm’s subsidiary that provides advisory services, local debt and equity underwriting and equities brokerage to local Saudi clients.

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