Lazard establishes Financial Advisory base for UAE in Abu Dhabi

Global investment bank Lazard has expanded its presence in the United Arab Emirates with the launch of a new office in Abu Dhabi.

The establishment of the new office in the UAE’s capital city underscores the company’s commitment to deepening its presence in the Middle East and serving as a trusted advisor to clients. The new hub will serve as the headquarters for its Financial Advisory business across the UAE.

“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.”

Founded in 1848, Lazard is one of the world’s leading providers of investment banking, asset management and financial advisory services. Its Financial Advisory practice provides advice on mergers & acquisitions, debt advisory, and restructuring, among others.

Appointed to lead the new office is Hussain Altajir, who has over 20 years of experience and a deep understanding of the region. Previously at HSBC, Altajir will spearhead Lazard’s ambition to expand its position in the UAE and foster stronger client relationships. He will work closely with Sarah Al Suhaimi (Chairwoman) and Wassim Al Khatib (CEO of Financial Advisory for the MENA region).

Abu Dhabi in recent years has seen an inflow of global banks such as Morgan Stanley and Goldman Sachs and consulting firms, which have set up base in the oil-rich emirate to service an increasingly diverse pool of corporates, family offices and sovereign wealth funds.