On September 9, Lazard CEO and Chairman Peter Orszag and CEO of Lazard Financial Advisory, MENA, Wassim Al Khatib were featured in Bloomberg News discussing the firm’s strategic expansion and the opportunities presented by the global dealmaking environment. As part of Lazard's 2030 plan to drive long-term growth, the firm continues to grow its presence in key regions worldwide, with a renewed focus on the Middle East and North Africa (MENA).
Peter and Wassim spoke with Bloomberg News' Nicolas Parasie while in Abu Dhabi, highlighting Lazard’s decision to open a new office in the United Arab Emirates and expand its team on the ground to better serve clients across the Gulf. The Abu Dhabi office will complement Lazard’s established presence in Riyadh, enhancing localized coverage as regional entities pursue economic diversification and deploy billions in global investments.
“As part of our 2030 plan, we’re always looking for vectors of growth. And this region is very promising from the perspective of overall growth,” Peter stated. He emphasized the Middle East as a key area of focus for Lazard’s revenue strategy, underscoring the firm's efforts to support sovereign wealth funds, state-owned enterprises, and other Gulf-based clients.
Peter highlighted Lazard’s broader growth ambitions, not just in the Gulf but also across the Americas and Europe. Recent senior hires, including Sarah Al-Suhaimi as Chair of Lazard’s MENA advisory arm and Hussain Altajir as Head of the new Abu Dhabi office, illustrate the firm’s commitment to strengthening its teams and fostering localized expertise to better address evolving client needs.
As Lazard expands its global footprint, the firm remains committed to driving long-term value through world-class advisory and asset management services.
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