#Saudi Arabia #Riyadh #Vision 2030 #Altea Partners #Nawaf AlOtaibi

Nawaf AlOtaibi Takes the Lead as CEO of Altea Partners Saudi Arabia

Altea Partners, a private merchant bank, has made headlines today with the announcement of Nawaf AlOtaibi as the Chief Executive Officer of its Saudi Arabian operations. This pivotal appointment is seen as a key milestone in the strategic development of Altea Partners' onshore platform within the Kingdom, which has been established through a strategic partnership with a leading Saudi investment holding company.

The launch of Altea Partners Saudi Arabia is in line with the company’s commitment to facilitate capital flows supporting Saudi Arabia's Vision 2030 transformation program. Founded in 2024, Altea Partners has rapidly established a presence across Europe, the Middle East, and North America, aiming to enhance financial services in these regions.

Prior to joining Altea Partners, Mr. AlOtaibi spent a decade at BSF Capital, previously known as Saudi Fransi Capital, where he held the pivotal role of Head of Wealth Management. With over 20 years of expertise in the financial services sector in Saudi Arabia, his credentials are noteworthy—he is a member of the CFA Institute and the CFA Society Saudi Arabia.

During his tenure at BSF Capital, AlOtaibi successfully developed one of the Kingdom’s premier wealth management platforms. He advised private clients, family offices, and institutional investors throughout the GCC, transforming the firm from a product-driven sales model to a fully advisory platform. This shift not only solidified BSF Capital’s reputation as a trusted partner but also enhanced the quality and depth of its investment offerings.

In his new role at Altea Partners Saudi Arabia, AlOtaibi will lead the company's national operations while forging connections between Saudi Arabia, the GCC, Europe, and North America. His focus will be on providing aligned capital solutions and reliable advice, reinforcing Altea Partners’ mandate to act as a strategic facilitator for its clients.

Henning Behre and Kabir Chhatwani, co-founders of Altea Partners, expressed their enthusiasm: "We are thrilled to welcome Nawaf into the Altea Partners family. His standing within the financial community of the Kingdom, combined with his experience in building a top-tier wealth management franchise, aligns perfectly with our partnership-driven approach and will be invaluable for our expansion in Saudi Arabia and the broader region."

Mr. AlOtaibi echoed this sentiment, stating, "Saudi Arabia’s Vision 2030 heralds a generational transformation, creating a growing need for trustworthy partners capable of deploying and attracting capital with discipline and alignment. The entrepreneurial culture of Altea Partners, along with its long-term approach to value creation, is precisely what I was seeking. I look forward to collaborating with the team to establish Altea Partners Saudi Arabia as the preferred partner for founders, families, and long-term investors."

About Altea Partners

Altea Partners is a merchant banking firm focused on providing aligned capital and trusted advice. The firm collaborates with founders, families, companies, and long-term investors across Europe, the Middle East, and North America. For media inquiries, please contact: [email protected]