Makram Azar Leaves KKR for Barclays Capital

(Reuters) – Barclays Capital has hired Makram Azar, a Lehman Brothers veteran who was leading Kohlberg Kravis Roberts & Co’s push into the Middle East, people familiar with the matter said on Friday.


Azar will serve as BarCap’s head of investment banking for the region, one of the people said. Azar spent 18 years at Lehman and joined KKR in September 2008 to set up a regional office for the private equity firm.


The appointment follows several other senior hires by the Barclays Plc (BARC.L) unit under its new London-based co-head of corporate finance, Tom King.


On Thursday people familiar with the matter said BarCap had poached a trio of senior investment bankers from Citigroup (C.N) in London, while in April it hired financial institutions specialist Ben Davey from Rothschild.


At Lehman, Azar rose to become global head of sovereign wealth funds and chairman of media investment banking for Europe and the Middle East, based in Dubai.


BarCap and KKR declined to comment. Azar could not immediately be reached for comment.


(Reporting by Quentin Webb; Editing by Erica Billingham)