Morgan Stanley (NYSE: MS) today announced the appointment of Kamal Jabre as Chairman and CEO for the Middle East and North Africa (“MENA”) region.
Mr Jabre, 44, is a twenty year veteran of Morgan Stanley and one of the Firm’s most senior M&A bankers. He has advised on a large number of transactions for the Firm’s most important clients in North America, Europe and the Middle East and North Africa. Clients for whom he has executed transactions include, amongst others: Bayer, BP, Dubai Holding, Dubai World, Emirates NBD Bank, KIPCO, Etisalat, KKR, Qatar Holding, Mubadala, Pfizer, Shell, Statoil and Saudi Telecom. In addition to his role as part of Morgan Stanley’s M&A department, Mr Jabre has also been an integral part of the leadership team of the MENA business since 2006.
Commenting on the appointment, Colm Kelleher, co-President of Institutional Securities and Head of EMEA and Asia Pacific for Morgan Stanley, said: “This appointment underlines Morgan Stanley’s long-term commitment to the MENA region. With his depth of experience, long tenure at the firm and client relationships, Kamal will bring strong leadership to our businesses in the region as we seek to continue to strengthen our successful franchise in the Middle East and North Africa.”
Mr Jabre replaces Habib Achkar, currently the regional manager for the MENA region, who will return to Europe in a new role as a Vice Chairman in Morgan Stanley’s Senior Relationship Management group, where he will focus on expanding the Sales and Trading relationship coverage of some of the Firm’s most important clients in Europe and the Middle East.
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,300 offices in 42 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
Media Relations Contacts:
Morgan Stanley, Wesley McDade, +44 20 7425 4942
Capital MS&L, Fran McElwaine, +971 4 367 6153