Business

Ngozi Okonjo-Iweala Named Lazard Senior Adviser With Focus On Sovereign Advisory

Investment bank and asset manager Lazard Ltd said Ngozi Okonjo-Iweala has joined the firm as a senior adviser, with a focus on sovereign advisory.

Okonjo-Iweala was the Minister of Finance of Nigeria from 2011 to May 2015, prior to which she was a managing director at the World Bank Group for four years.

She was a candidate to replace Robert Zoellick as president of the Washington-based international lender in 2012 but lost out to U.S. nominee Jim Yong Kim.

Following the end of the administration of former president Goodluck Jonathan, Okonjo-Iweala, has repeatedly been accused by the ruling All Progressives Congress, APC, of mismanaging the nation’s economy, an allegation she has denied.

Lazard is a financial advisory and asset management firm that engages in investment banking, asset management, and other financial services primarily with institutional clients. Its principal executive offices are in New York City, Paris and London.

Lazard was founded in 1848 and operates from 43 cities across 27 countries in North America, Europe, Asia, Australia, Central and South America.

The firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals.

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