New York & Riyadh, Saudi Arabia, January 23, 2023–(BUSINESS WIRE)–Lazard (NYSE:LAZ) today announced that it is the CEO and CEO of its Financial Advisory business in the Middle East and North Africa (MENA). announced the appointment of Wasim Al-Khatib as CEO. Subject to regulatory approval, his Wassim Al-Khatib at Lazard Saudi Arabia will be based in Riyadh, which serves as his hub for Lazard’s regional MENA Investment Banking.
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Wasim Al-Khatib Joins Lazard as Chief Executive Officer of Middle East and North Africa Investment Banking Division (Photo: Business Wire)
Peter Orzag, Chief Executive Officer, Financial Advisory, Lazard, said: “With his extensive experience and proven track record, Wasim will work with MENA Chair Salah Al Suhaimi to lead our Riyadh office to continued success and enhance Lazard’s engagement with clients in the region. We will expand.”
“Wassim has played a decisive role advising on many important transactions in MENA. It means we have ample ability to provide.” Lazard’s Financial Advisory Business in MENA.
“I am delighted to join Lazard and lead its investment banking and financial advisory business in the Middle East and North Africa. Built on our commitment, we are ideally positioned to provide the best possible support to our local clients and to international companies looking to expand in the Middle East and North Africa.” , said Wasim Al-Khatib.
Wassim Al-Khatib was previously Chief Executive Officer and Director of Citigroup Saudi Arabia. Prior to that, he was Managing Director and Investments at NCB He Capital, where he was Head of the Banking Division, where he participated in and led major market transactions in the Saudi and international markets. Wassim Al-Khatib has also served as Deputy Chairman of the Arrangements and Advisory Board of the Capital Market Authority of Saudi Arabia since 2021.
Lazard, one of the world’s leading financial advisory and wealth management firms, operates in 41 cities in 26 countries across North America, Central America, South America, Europe, Asia and Australia. Founded in 1848, the firm advises corporations, partnerships, institutions, governments and individuals on mergers and acquisitions, strategic matters, restructuring and capitalization, capital raising and corporate finance, and wealth management services. increase. For more information about Lazard, please visit www.lazard.com. Follow Lazard at @Lazard
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