JPMorgan Cazenove appoints Naguib Kheraj Chief Executive Officer effective from 6 October 2008. Naguib Kheraj recently stepped down as a Senior Advisor to Barclays PLC, having previously served as Group Finance Director of Barclays PLC. During his 10 year career at Barclays, Kheraj also held a number of senior management and client-facing roles with Barclays Private Clients, Barclays Global Investors and Barclays Capital. Kheraj’s career in investment banking began in 1986 at Salomon Brothers in London, where he was a Director in Investment Banking and also served as Chief Financial Officer, Europe. He also held a senior role at Robert Fleming before joining Barclays in 1997.
“We are delighted that Naguib has chosen to continue his distinguished career in investment banking at JPMorgan Cazenove,” says David Mayhew, chairman of JPMorgan Cazenove. “His breadth of experience crosses capital markets, private equity and fund management and he has deep client advisory skills as well as a proven track record in running major businesses. Both we and our clients are very fortunate that he will now be leading this firm as it consolidates its position as the UK’s foremost investment bank and builds on its international franchise.”
“I would like to add my welcome to Naguib. We’re delighted that someone with such a strong reputation in our industry has agreed to lead JPMorgan Cazenove,” says Bill Winters, co-CEO Investment Bank, JPMorgan. “His skills will be of great benefit both to JPMorgan Cazenove and the wider JPMorgan group. The opportunity to play a key role in the next stage of development of such an illustrious business was one I could not resist. In my career, I have had many opportunities to work alongside JPMorgan Cazenove and have experienced the commitment, integrity and quality of its people. I am looking forward to working with them all.”