Lazard Expands Financial Advisory Hub to Abu Dhabi

Lazard Ltd. is expanding its operations in the Middle East by opening a new financial advisory office in Abu Dhabi, marking the city as its main hub in the United Arab Emirates, subject to regulatory approval. The firm has appointed Hussain Altajir, a former HSBC executive, as CEO of Lazard Financial Advisory in the UAE, which is expected to enhance client engagement in the region. This strategic move aligns with Abu Dhabi's growing status as a global financial center, especially with its substantial sovereign wealth funds. Lazard aims to capitalize on the increasing demand for sophisticated financial services in the region, which has attracted other major banks like Morgan Stanley and Goldman Sachs. The expansion is part of Lazard’s broader strategy to strengthen its influence across the Middle East and North Africa (MENA) region. Analysts view this as a timely opportunity to tap into a rapidly growing market for financial advisory services.