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Thursday, April 18, 2024

Wassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment Banking

NEW YORK & RIYADH, Saudi Arabia–()–Lazard Ltd (NYSE: LAZ) at this time introduced the appointment of Wassim Al-Khatib as Chief Government Officer (CEO) of the agency’s Monetary Advisory enterprise within the Center East and North Africa (MENA), and CEO of Lazard Saudi Arabia, topic to regulatory approval. Wassim Al-Khatib will likely be based mostly within the Riyadh workplace, which is able to function Lazard’s regional MENA Funding Banking hub.

We’re happy to have Wassim be part of us as CEO of our MENA Funding Banking enterprise,” stated Peter Orszag, Chief Government Officer of Monetary Advisory at Lazard. “Along with his in depth expertise and confirmed monitor report, Wassim will work alongside MENA Chair Sarah Al-Suhaimi in main our Riyadh workplace to continued success and in increasing Lazard’s engagement with shoppers within the area.”

Wassim has performed decisive roles advising on many necessary transactions in MENA. He’s a proficient and well-regarded skilled and his appointment signifies that we now have ample capability to service our shoppers within the area,” stated Sarah Al-Suhaimi, Chair of Lazard’s Monetary Advisory enterprise in MENA.

I’m completely satisfied to hitch Lazard and to steer the Funding Banking and Monetary Advisory enterprise within the Center East and North Africa. Constructing on the agency’s distinctive depth of experience throughout trade sectors and geographies globally, in addition to its sturdy dedication to the MENA area, we’re ideally positioned to offer the very best assist to our native shoppers and to worldwide corporations seeking to broaden within the Center East and North Africa,” stated Wassim Al- Khatib.

Wassim Al-Khatib was beforehand Chief Government Officer and a board member of Citigroup Saudi Arabia. He earlier served as Managing Director and Head of Funding Banking at NCB Capital the place he participated in and led main market transactions within the Saudi and worldwide markets. Wassim Al-Khatib has additionally been the Vice Chairman of the Arranging and Advising Committee of Saudi Arabia’s Capital Markets Authority since 2021.

About Lazard

Lazard, one of many world’s preeminent monetary advisory and asset administration corporations, operates from 41 cities throughout 26 nations in North, Central and South America, Europe, Asia and Australia. With origins relationship to 1848, the agency supplies recommendation on mergers and acquisitions, strategic issues, restructuring and capital construction, capital elevating and company finance, in addition to asset administration companies to firms, partnerships, establishments, governments and people. For extra info on Lazard, please go to www.lazard.com. Comply with Lazard at @Lazard


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