Today's Edition
A.SREENIVASA REDDY (ABU DHABI)
Lazard, a globally renowned financial advisory and asset management firm, has announced its decision to open an office in Abu Dhabi.
Founded in 1848, Lazard is one of the world’s preeminent firms in its field, with a strong footprint across North and South America, Europe, the Middle East, Asia, and Australia. The firm offers strategic advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, as well as geopolitical matters. Lazard also provides asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high-net-worth individuals.
“The establishment of this office reflects the role of Abu Dhabi as a leading business and financial centre globally,” the company said in a statement.
As part of this expansion, Lazard has named Hussain Altajir as CEO of Lazard Financial Advisory in the UAE. With over two decades of experience and deep regional knowledge, Altajir is expected to play a key role in advancing the firm’s business in the country.
“We are excited to reinforce our presence in the UAE, a country of strategic importance and remarkable opportunity,” said Peter Orszag, CEO and Chairman of Lazard. “By establishing Abu Dhabi as the hub for Financial Advisory in the country, we enhance our capacity to provide tailored advice to our clients in one of the world’s most dynamic markets.”
Altajir, who previously served as Head of Dubai Coverage, Global Banking at HSBC, holds a BSBA in Finance & Banking from the American University of Dubai.
He will work closely with Sarah Al Suhaimi, Chairwoman, and Wassim Al Khatib, CEO of Financial Advisory for the MENA region, to expand Lazard’s engagement with regional clients.
Lazard operates in more than 40 cities across over 25 countries, including key financial centres such as New York, London, Paris, and Tokyo. Lazard Ltd is a publicly listed company on the New York Stock Exchange.
