Lehman makes global SWF push

Lehman Brothers has appointed Makram Azar to a new role as global head of sovereign wealth funds.

Azar will be based in Dubai, but will head a new umbrella team that will sit above the firm's four regional teams covering the market. Lehman has two offices in Dubai and Qatar, with two further teams being developed in Kuwait City and Riyadh.

"We are product agnostic, and do not see this business from a pure sponsor coverage angle," says Azar. "Sovereign wealth funds have different operational

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