Merrill Lynch appoints Noujaim

by Richard Kilner

Story link: Merrill Lynch appoints Noujaim

Fares D. Noujaim has been named by Merrill Lynch as the firm’s new president of Middle East & North Africa business.

He joins the firm from Bear, Stearns & Co, where he sat on the board as vice chairman and served as a member of the President’s Advisory Committee.

Earlier in his career he worked for Goldman Sachs as an analyst.

In addition to this post, Noujaim is to be the worldwide chief of Sovereign Wealth Funds.

He will report directly to Gregory J. Fleming, president and CEO of Merrill Lynch, and be based in the Middle East and New York.