lehman-veteran-to-head-kkr-in-middle-east

Lehman veteran to head KKR in Middle East

Lehman's Dubai-based head of sovereign wealth funds parachutes out to set up a Middle East and North Africa office for private equity firm KKR.
Financial sponsor Kohlberg Kravis Roberts Co has appointed Lehman BrothersÆ head of sovereign wealth funds, Makram Azar, to set up an office for KKR in the Middle East and North Africa. Akram will develop the distribution of KKR products in the Mena region and source private equity and infrastructure deals for the US-headquartered firm.

Lehman appointed Azar in April this year to a newly created position based in Dubai. Azar was to head coverage of global sovereign wealth funds and also play the role of chairman of media investment banking for Europe and the Middle East. AzarÆs role was envisaged as cross-divisional and consequently he reported to Jeremy Isaacs, Lehman's chief executive for Europe,...
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