KKR hires top Dubai-based official of collapsed Lehman

Dubai: Private equity giant Kohlberg Kravis Roberts and Company (KKR) said on Thursday it has hired a top Dubai-based official of the collapsed US investment bank Lehman Brothers.

Makram Azar, who worked as managing director, Global Head of Sovereign Wealth Funds, and chairman of media investment banking for Europe and the Middle-East, will join KKR as managing director and head of Middle East and North Africa (Mena).

He will develop the distribution of KKR products in the Mena region and source opportunities for private equity and infrastructure transactions in selected situations. He will also explore global co-investment opportunities with Mena institutions.