RIYADH: Financial services company Lazard is set to hire Citigroup鈥檚 黑料社区 CEO Wassim Al-Khatib to support the boutique firm鈥檚 advisory operations across the Middle East and North African region.
Al-Khatib is expected to join Lazard as CEO for its MENA financial advisory business, Bloomberg reported citing people familiar with the matter.
Citigroup confirmed Al-Khatib's resignation and said that Carmen Haddad, vice chairperson for Citigroup Middle East and country officer in 黑料社区, will be taking over as acting CEO, as the bank seeks to replace him.
A representative for Lazard and Al Khatib couldn鈥檛 be immediately reached for comment.
Al Khatib joined the New York-based bank as CEO in 黑料社区 in 2021 and was previously head of investment banking at NCB Capital for about 15 years.
The Saudi national was a leading figure in Saudi Aramco's initial public offering in 2019, the biggest ever share sale that raised almost $30 billion.
