Barclays has appointed Makram Azar as its chairman for the Middle East and North Africa.
Azar will continue as vice chairman of the bank’s global investment-banking division, Bloomberg News reported citing an internal memo.
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The British banking giant also appointed Andrew Mortimer as country manager for the Middle East.
In his new role, Azar will lead Barclays’s business in the region.
The appointment comes two months after John Vitalo left as chief executive officer for the region. The bank is unlikely to appoint a direct replacement for Vitalo, the publication reported quoting two people familiar with the matter.
Azar joined Barclays’s investment banking division as a managing director in 2010 after running New York-based buyout firm KKR& Co’s (KKR) business in the Middle East and North Africa for two years.
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By GlobalDataPrior to that, he was head of sovereign wealth fund business for Lehman Brothers Holding.
