Lehman Keen On SWFs
Firm taps media, consumer and retail banker for new role.
April 23, 2008
Lehman Brothers named Makram Azar to fill a newly created position, global head of sovereign wealth funds. He also becomes chairman of media investment banking for Europe and the Middle East.
In his new role, Azar will be based in Dubai and report to Jeremy Isaacs, Lehman's chief executive for Europe, the Middle East and Asia Pacific; Steve Lessing, global head of senior relationship management; and Jasjit Bhattal, CEO for Asia Pacific.
Azar joined Lehman in 1990 and was most recently head of European and Middle Eastern media, consumer and retail investment banking.
Makram Azar
"Sovereign wealth funds have become an increasingly important force in today's international markets, and I am excited about the opportunity this appointment creates for us to further develop our relationships with these clients," said Isaacs.
The move follows Morgan Stanley's establishment of a team in Dubai to cover sovereign wealth funds and financial sponsors in the Middle East and North Africa.
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