Lehman Brothers has appointed Omar Abukhadra as Managing Director, Global Head of Structured Asset Management and European Head of Absolute Return Strategies (ARS), the dedicated hedge funds product group offering fund of funds, single strategy funds, seed capital for start up funds and minority interest acquisitions.
Abukhadra will be responsible for the global development of the Structured Asset Management business and the European development of the ARS business. He reports to Thierry Sciard, Head of Investment Management, Europe and to Jolyne Caruso, Global Head of ARS. Abukhadra joins the European Investment Management Executive Committee and the Global ARS Management Committee.
Prior to joining Lehman Brothers, Abukhadra was Global Head Equity and Fund derivatives and Global Head Credit Markets at CALYON (the Corporate and Investment Bank subsidiary of Credit Agricole), where he was responsible for the client driven business and the proprietary trading activities.
“Omar’s appointment is an important step in the progress the Asset Management business is making,” said Thierry Sciard and Jolyne Caruso in a jint statement. “We are sure that Omar’s experience will enable us to develop this platform quickly, helping us maintain our momentum in this business.”