Lazard Ltd. announced the appointment of Wassim Al-Khatib as Chief Executive Officer (CEO) of the firm's Financial Advisory business in the Middle East and North Africa (MENA), subject to regulatory approval. Wassim Al-Khatib will be based in the Riyadh office, which will serve as Lazard's regional MENA Investment Banking hub. Wassim Al-Khatib was previously Chief Executive Officer and a board member of Citigroup Saudi Arabia.

He earlier served as Managing Director and Head of Investment Banking at NCB Capital where he participated in and led major market transactions in the Saudi and international markets. Wassim Al-Khatib has also been the Vice Chairman of the Arranging and Advising Committee of Saudi Arabia's Capital Markets Authority since 2021.