Ali Syed Joins Lazard as Head of Sovereign and Pension Fund Coverage

Rhea-AI Summary

Lazard (NYSE: LAZ) has announced the appointment of Ali Syed as Managing Director and Head of Sovereign and Pension Fund Coverage. Based in New York, Syed will lead efforts to advise global sovereign and pension funds, working closely with Wassim Al Khatib and Sarah Al Suhaimi from the MENA region. This appointment is part of Lazard's strategy to expand its private capital capabilities, following the launch of Lazard Capital Solutions in 2023 and the recent hire of Adam Cady. Syed's prior experience includes roles at Citigroup and Samba Financial Group.

Positive

• Lazard appointed Ali Syed as Managing Director, signaling a strategic leadership expansion.
• Syed brings extensive experience from Citigroup and Samba Financial Group.
• Lazard continues to attract top talent, enhancing its capabilities in private capital.
• Launch of Lazard Capital Solutions in 2023 indicates a focus on private capital growth.
• Recent hires, including Adam Cady, demonstrate Lazard's commitment to expanding its financial advisory services.

Negative

• The press release does not provide specific financial data or immediate business impacts.
• No concrete evidence of how the new appointments will translate to increased revenue or market share.

NEW YORK--(BUSINESS WIRE)-- Lazard, Inc. (NYSE: LAZ) announced today that Ali Syed has joined the firm as Managing Director and Head of Sovereign and Pension Fund Coverage.

Based in New York, Mr. Syed will lead the firm’s efforts to advise global sovereign and pension funds. He will collaborate closely with Wassim Al Khatib, CEO of Financial Advisory for the MENA region, and Sarah Al Suhaimi, Chair of Financial Advisory in MENA.

“Over the last 12 months, we have substantially expanded Lazard’s solutions and capabilities with regard to private capital,” said Peter R. Orszag, Lazard Chief Executive Officer. “With Ali’s deep experience and expansive network, we continue to strengthen our connectivity to private equity and alternative asset managers and grow in how we support global sovereign and pension funds.”

Mr. Syed joins Lazard as it continues to attract best-in-class talent and seeks to ramp up its presence in private capital. The firm launched Lazard Capital Solutions in 2023 and recently hired Adam Cady as the Head of Large-Cap Financial Sponsor Coverage in North America.

"I am excited to join Lazard as Head of Sovereign and Pension Fund Coverage,” said Mr. Syed. “By combining Lazard’s legacy, reputation, and relationships, there is a significant opportunity to support these funds, their stakeholders, and portfolio companies in achieving their diverse strategic and financial objectives."

Mr. Syed joins Lazard from Citigroup, Inc., where he served as Managing Director and Head of Sovereign Wealth Fund and Pension Fund Advisory. He was previously based in Riyadh with Saudi Arabia-based Samba Financial Group, where he was part of the firm’s principal direct investments and private equity team. Before Samba, he worked as an Investment Analyst at Vestry Capital Management. Mr. Syed graduated with distinction from the University of Michigan.

About Lazard

Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. For more information, please visit www.lazard.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240618269155/en/

Media Relations

Jessica Francisco

+1 212-632-6571

jessica.francisco@lazard.com

Investor Relations

Alexandra Deignan

+1 212-632-6886

alexandra.deignan@lazard.com

Source: Lazard, Inc.

FAQ

Who is Ali Syed?

Ali Syed is the newly appointed Managing Director and Head of Sovereign and Pension Fund Coverage at Lazard.

What role will Ali Syed have at Lazard?

Ali Syed will lead Lazard's efforts to advise global sovereign and pension funds.

Which region will Ali Syed be based in?

Ali Syed will be based in New York.

Who will Ali Syed collaborate with at Lazard?

Ali Syed will collaborate closely with Wassim Al Khatib and Sarah Al Suhaimi from the MENA region.

What strategic move did Lazard make in 2023?

Lazard launched Lazard Capital Solutions in 2023.

What are Lazard's recent hires and expansions aimed at?

Lazard's recent hires and expansions aim to strengthen its private capital and financial advisory capabilities.