Wassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment Banking
January 23 2023 - 1:30AM
Business Wire
Lazard Ltd (NYSE: LAZ) today announced the appointment of Wassim
Al-Khatib as Chief Executive Officer (CEO) of the firm’s Financial
Advisory business in the Middle East and North Africa (MENA), and
CEO of Lazard Saudi Arabia, subject to regulatory approval. Wassim
Al-Khatib will be based in the Riyadh office, which will serve as
Lazard’s regional MENA Investment Banking hub.
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Wassim Al-Khatib Joins Lazard as Chief
Executive Officer, Middle East and North Africa Investment Banking
(Photo: Business Wire)
"We are pleased to have Wassim join us as CEO of our MENA
Investment Banking business," said Peter Orszag, Chief Executive
Officer of Financial Advisory at Lazard. "With his extensive
experience and proven track record, Wassim will work alongside MENA
Chair Sarah Al-Suhaimi in leading our Riyadh office to continued
success and in expanding Lazard’s engagement with clients in the
region.”
“Wassim has played decisive roles advising on many important
transactions in MENA. He is a talented and well-regarded
professional and his appointment means that we now have ample
capacity to service our clients in the region,” said Sarah
Al-Suhaimi, Chair of Lazard’s Financial Advisory business in
MENA.
“I am happy to join Lazard and to lead the Investment Banking
and Financial Advisory business in the Middle East and North
Africa. Building on the firm’s exceptional depth of expertise
across industry sectors and geographies globally, as well as its
strong commitment to the MENA region, 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 Wassim Al- Khatib.
Wassim Al-Khatib was previously Chief Executive Officer and a
board member of Citigroup Saudi Arabia. He earlier served as
Managing Director and Head of Investment Banking at NCB Capital
where he participated in and led major market transactions in the
Saudi and international markets. Wassim Al-Khatib has also been the
Vice Chairman of the Arranging and Advising Committee of Saudi
Arabia’s Capital Markets Authority since 2021.
About Lazard
Lazard, one of the world's preeminent financial advisory and
asset management firms, operates from 41 cities across 26 countries
in North, Central and South America, Europe, Asia and Australia.
With origins dating to 1848, the firm provides advice on mergers
and acquisitions, strategic matters, restructuring and capital
structure, capital raising and corporate finance, as well as asset
management services to corporations, partnerships, institutions,
governments and individuals. For more information on Lazard, please
visit www.lazard.com. Follow Lazard at @Lazard
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version on businesswire.com: https://www.businesswire.com/news/home/20230122005027/en/
Media: Flore Larger, +33 1 44 13 01 30
flore.larger@lazard.com
Judi Frost Mackey, +1 212 632 1428 judi.mackey@lazard.com
Hayan Shadaydeh, +971 50 4882460 MSL Group ME
hayan.AlShadaydeh@mslgroup.com
Investor: Alexandra Deignan, +1 212 632 6886
alexandra.deignan@lazard.com
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