Maktoum bin Mohammed meets with the chairman and CEO of Lazard

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, today met with Kenneth M. Jacobs, Chairman and CEO of Lazard, a leading global financial advisory and asset management firm. The meeting was held at His Highness Sheikh Maktoum’s office at the Dubai International Financial Center.

During his conversation with Lazard’s CEO, His Highness expressed Dubai’s commitment to supporting global financial services companies in expanding their growth and investment by providing them with a world-class, business-enabling ecosystem and a growth-friendly legislative framework. He noted that Dubai places a high priority on establishing strong partnerships with players across the financial services value chain to accelerate the development of the sector. His Highness went on to say that one of the key focuses of the partnership is to improve asset management and enhance the competitiveness of family-owned businesses, which are the main drivers of the economy in the GCC region. 

The Dubai office of Lazard’s financial advisory practice was founded in 2007 at the Dubai International Financial Center. Lazard opened a separate Lazard Asset Management office in Dubai in 2014. Kenneth M. Jacobs, chairman and CEO of Lazard, said the firm’s strategic location in Dubai, one of the world’s leading financial centers, has helped the firm become a link for clients in Europe, Africa and Asia. He noted that Dubai has become an ideal base and enabling environment for Lazard to expand its business and growth prospects in the region and beyond.

The meeting was attended by H.E. Abdullah Mohammed Al Basti, Secretary General of Dubai Executive Council, H.E. Helal Saeed Al Marri, Director General of Dubai Economy and Tourism Department, and H.E. Essa Kazim, Governor of Dubai International Financial Centre.

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