Morgan Stanley (NYSE: MS) today announced the appointment of Abdulaziz Alajaji as CEO of Morgan Stanley Saudi Arabia (MSSA), effective immediately.
Mr. Alajaji, a Saudi national, joins MSSA from J.P. Morgan where he most recently served as Head of Corporate Banking. He has over 15 years of banking experience in the Kingdom, covering a range of market segments.
Sammy Kayello, Chairman and CEO of Morgan Stanley Middle East and North Africa, said: “Morgan Stanley Saudi Arabia’s first decade has seen many changes within the Kingdom and we believe opportunities will be plentiful as Saudi Arabia enters a new era. In Abdulaziz Alajaji, we have chosen an outstanding candidate to be our next CEO, and I have no doubt that he will bring his strong local knowledge and industry expertise to his new role, building our client franchise in these exciting times.”
“Over recent years I have admired Morgan Stanley’s commitment to Saudi Arabia and how the firm has strengthened its services and product offerings”, commented Abdulaziz Alajaji. “I am delighted to be joining the Firm as it looks to build upon its strong franchise in Saudi Arabia especially in light of the transformation taking place in the Kingdom. We will work in partnership with Saudi Arabia to help the nation achieve its ambitious goals.”
Morgan Stanley has been active in the Middle East since the 1970s and established Morgan Stanley Saudi Arabia in 2007. The combination of local market knowledge and international perspective and access enables the Firm to assist clients with a broad range of products and services in the region, including sales and trading, investment banking advisory, corporate finance and fund management.
Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 42 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.