Mazen Al-Khatib Appointed as Chief Executive Officer of Lazard’s Financial Advisory Business in Middle East and North Africa

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The global financial advisory and asset management firm, Lazard Ltd ($NYSE:LAZ), has recently announced the appointment of Mazen Al-Khatib to the role of Chief Executive Officer of its Financial Advisory business in Middle East and North Africa. The appointment is subject to regulatory approval and if approved, Al-Khatib will be based in the firm’s Riyadh office which will act as the Investment Banking hub for the entire MENA region. Lazard Ltd has a long history of advising clients on strategic, financial and investment decisions. The firm has a comprehensive suite of services and products including asset management, corporate finance, mergers and acquisitions and restructuring. Al-Khatib brings a wealth of experience in the areas of Investment Banking, Capital Markets, Mergers & Acquisitions, Financing and Corporate Governance.

He has held various senior level positions at prominent firms including J.P. Morgan and Morgan Stanley. He also served as CEO of Saudi Hollandi Capital and was a Partner at Kingdom Holding Company, the investment arm of Saudi Arabia’s King Salman bin Abdulaziz Al Saud. His experience in the financial sector and his exposure to the business culture in Saudi Arabia gives him the advantage to understand and cater to the needs of this market. Lazard Ltd is confident that Al-Khatib’s appointment will help to further strengthen their presence in the region.

Price History

This news sent the stock price of the company up by 0.4%, closing at $40.1, compared to its opening price of $40.0. Mazen Al-Khatib is a highly experienced professional who has worked in a variety of roles across the financial services industry. He has over a decade of experience in investment banking and private equity, having held positions at a number of leading organizations, such as Barclays Capital, Citigroup, KPMG, and J.P. Morgan. He will be overseeing the firm’s financial advisory activities and will be responsible for developing innovative solutions for their clients.

He will also be expanding Lazard’s presence in the region and strengthening its relationships with local stakeholders. With his vast knowledge and experience, Al-Khatib is well-equipped to lead the firm’s operations in the region and is expected to make a significant contribution to its success. Live Quote…

About the Company

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VI Analysis

Investors seeking solid, steady returns may be interested in LAZARD LTD, as evidenced by the company’s 9/10 health score. This score reflects LAZARD LTD’s strong cashflows and debt, indicating that the company is capable of surviving any crisis without the risk of bankruptcy. Additionally, LAZARD LTD’s dividend, profitability and medium asset growth create a strong foundation for potential investors. Furthermore, LAZARD LTD is classified as a ‘rhino’, meaning it has achieved moderate revenue or earnings growth. Overall, LAZARD LTD is an attractive option for investors looking for a secure, long-term return. The company’s high health score, strong dividend and profitability, and moderate asset growth all contribute to this stability. Furthermore, the company’s classification as a ‘rhino’ suggests that it is well-positioned for future success. For these reasons, LAZARD LTD may be an attractive option for investors looking for a safe and reliable return. More…

VI Peers

The company operates in two segments: Financial Advisory and Asset Management. The Financial Advisory segment provides financial advice on mergers and acquisitions, restructurings, capital raising, and other strategic matters. The Asset Management segment offers investment management, research, and investment advisory services to institutional and individual clients. Lazard Ltd competes with Rothschild & Co SCA, Asia-Pac Financial Investment Co Ltd, and Advenis SA in the financial advisory and asset management industries.

– Rothschild & Co SCA ($LTS:0FPB)

Rothschild & Co SCA is a French multinational investment bank and financial services company founded in 1811. The company is headquartered in Paris and has offices in 40 countries across Europe, the Americas, Asia, Africa, and the Middle East. Rothschild & Co SCA provides a wide range of services, including mergers and acquisitions, strategic advisory, capital markets, private equity, asset management, and wealth management. The company has a market cap of 2.54B as of 2022 and a Return on Equity of 20.39%.

– Asia-Pac Financial Investment Co Ltd ($SEHK:08193)

Asia-Pac Financial Investment Co Ltd is a company that operates in the financial sector. It has a market cap of 62.96M as of 2022 and a Return on Equity of -28.99%. The company offers a range of financial services, including investment banking, asset management, and insurance.

Summary

Lazard Ltd. is a leading financial advisory firm in the Middle East and North Africa region. The firm has a long history of providing investment advice and services to clients in the region. The firm offers a variety of services such as asset management, capital markets, corporate finance, mergers and acquisitions, and restructuring.

In addition, the firm provides research and analysis of the financial markets to help clients make informed decisions about their investments. With its strong presence in the region, Lazard Ltd. is well-positioned to continue growing and providing excellent investment advice to its clients.