Goldman Sachs Inc (GS.N) has hired Omar Mohammady to run the its Saudi Arabian investment banking business, a key role for global banks operating in the Gulf Arab region, three banking sources said.
Saudi national Mohammady, previously with Barclays Plc (BARC.L), will replace Rayan Fayez, who moved to J.P. Morgan Chase Inc (JPM.N) in June as co-chief executive and head of its investment bank for Saudi Arabia, the sources said, speaking on condition of anonymity as the matter is not public.
Mohammady will begin in his Goldman role later in December, one of the sources said, adding he will join the firm as an executive director.
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