Lazard Hires Citi’s Ali Syed for Sovereign-Wealth Fund Coverage

Lazard Inc. hired Citigroup Inc. managing director Ali Syed to cover sovereign-wealth funds and pension funds in the Middle East, Asia and North America, according to people with knowledge of the matter.

Syed, who is based in New York, is set to join Lazard’s capital-solutions group in coming months, reporting to Tim Donahue, said the people, who asked not to be identified discussing an appointment that isn’t yet public. Syed will work with Wassim Al Khatib and Sarah Al Suhaimi, chief executive officer and chair, respectively, of Lazard Financial Advisory in the Middle East and North Africa region, one ...