Naguib Kheraj will quit as chief executive officer of Lazard Ltd. (LAZ:US)’s international division, Sky News reported on its website, citing an internal announcement at the firm, the biggest non-bank merger adviser.
Kheraj, whose appointment was announced in October, is leaving to concentrate on philanthropic activities and personal interests, Sky said, citing the internal statement. He will also step down as deputy chairman of the firm, the broadcaster said.
Kheraj was previously CEO of JPMorgan Cazenove. Before joining JPMorgan Chase & Co. (JPM:US) in 2008, he was a senior adviser at the Financial Services Authority, the U.K. regulator.
He worked at Barclays Plc for a decade and served as head of investment banking and private equity at Barclays Capital before becoming finance director of the bank in 2004.
He stepped down in 2007. Before Barclays, he worked at Salomon Brothers in London and was co-head of global capital markets at Robert Fleming & Co.
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