Jul 9, 2018
Senior Barclays executive retires as chair of European banking
Makram Azar, one of the most senior bankers to attend the infamous Presidents Club dinner earlier this year, has retired from Barclays as its chairman of banking in Europe, the Middle East and Africa. Barclays said Mr Azar had decided to retire to pursue new business opportunities and spend more time with his family after the recent birth of his son and he would return as a senior adviser to the bank early next year. Mr Azar, who joined Barclays in 2010 after a career at KKR and Lehman Brothers, helped to secure a role for the UK bank as an adviser or financier on several large deals. "MENA remains an important region for the firm and Makram has helped ensure we have a strong management team in place to continue to take the business to the next level," said Joe McGrath, global head of banking at Barclays, in a memo to staff. Other senior advisers at Barclays in Europe include François Baroin, former French finance minister, and Franco Bernabè, former chairman and chief executive of Telecom Italia.
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