03:55 PM EDT, 04/01/2024 (MT Newswires) -- (Updates with Lazard's ( LAZ ) response in the fourth paragraph.)

Citigroup ( C ) Managing Director Ali Syed is joining Lazard ( LAZ ) to cover sovereign-wealth funds and pension funds in the Middle East, Asia and North America, Bloomberg reported Monday, citing people with knowledge of the matter.

Syed is due to join in the coming months and will work with Lazard Financial Advisory's chief executive for Middle East and North Africa, Wassim Al Khatib, as well as the division's chair Sarah Al Suhaimi, the report said.

Lazard ( LAZ ) and Citigroup ( C ) declined to comment to Bloomberg.

Lazard ( LAZ ) declined to comment to MT Newswires, while Citigroup ( C ) did not immediately respond to a request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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