BNP Paribas, a French international banking group, has appointed Reema Al-Asmari as its Head of Territory for Saudi Arabia.

 

The appointment reinforces the bank’s Corporate and Investment Banking (CIB) presence in the Kingdom, said a statement.

 

In her new role, Al-Asmari will oversee the bank’s national commercial strategy, with a focus on strengthening relationships with strategic clients, multi-national corporates and government related entities. She will also drive BNP Paribas’ product and service offering across all CIB metiers, including growth in areas such as sustainable finance.

 

She reports to Amine Bel Hadj Soulami, Head of BNP Paribas Middle East & Africa and a member of the BNP Paribas’ MEA Executive Committee.

 

Soulami said: “We are pleased to have Reema on board, strengthening our team with her in-depth knowledge of the Kingdom of Saudi Arabia.  BNP Paribas has long recognised the Kingdom’s vital role in the overall development of the region, since the bank became operational there in 2005.”

 

“In addition to our traditional banking presence, as a recognised global leader in sustainable finance, we look forward to accompanying our clients in Saudi Arabia on their transition journey. The national ambition towards renewable energy in particular, offers the opportunity to support the diversifying economy more broadly."

 

Al-Asmari joins BNP Paribas from Natixis, where she was CEO for Saudi Arabia. She previously worked for JPMorgan Chase & Co in the kingdom for nine years, where she worked as treasury services country head.