Residence London, England Name Sadeq Sayeed Employer Metage Capital Limited | Years active 1980–present Occupation Banker | |
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Alma mater Karachi Grammar SchoolMassachusetts Institute of Technology(Department of Electrical Engineering and Computer Science)(Sloan School of Management) | ||
Mr sadeq sayeed during workshop on financial crisis management august 30 2012 press interview
Sadeq Sayeed (born Dec 1953– ) is a prominent Pakistani-born banker and businessman, known for his role behind Nomura's acquisition of the Europe, the Middle East and Africa (EMEA) businesses of Lehman Brothers in Oct 2008.
Contents
- Mr sadeq sayeed during workshop on financial crisis management august 30 2012 press interview
- Workshop on financial crisis management mr sadeq sayeed august 30 2012 part 2 of 7
- Early life and education
- Early years 1976 to 2000
- Nomura 2000 to 2010
- After Nomura 2010 till date
- References
He holds a bachelor of science degree in electrical engineering from the Massachusetts Institute of Technology, as well as a master's degree in finance from their Sloan School.
From Nov 2008 till Feb 2009, he served as CEO of acquired EMEA businesses of Lehman; and later as CEO of Nomura International plc, a wholly owned subsidiary of Nomura Europe Holdings plc until his retirement in June 2010.
He currently serves as the chairman of a London-based hedge fund firm, Metage Capital Limited; and also sits on the board of JS Investments Ltd, and Silk Bank Ltd.
Workshop on financial crisis management mr sadeq sayeed august 30 2012 part 2 of 7
Early life and education
Sadeq Sayeed was born in Pakistan on Dec 1953.
He attended Karachi Grammar School. Later, he enrolled for an undergraduate program in economics with concentration in electrical engineering from Massachusetts Institute of Technology (MIT). After earning his BS degree, he went on to complete his master's degree in finance from the MIT Sloan School of Management.
Early years : 1976 to 2000
Sayeed started his active professional life in 1976 as a research associate, and subsequently an internal consultant at the World Bank, where he served for five years.
In 1985, he joined the London office of Credit Swiss First Boston (CSFB) as an associate within the cross markets arbitrage group. From 1989 to 1999, he served as the managing director, firstly within the arbitrage group and fixed income divisions; and latterly within the leverage funds group.
In 1993, he taught investment banking at MIT.
Nomura : 2000 to 2010
He joined Nomura Group in 2000, as member of the firm's Management Committee.
On 31 March 2008, a consortium – International Finance Corporation (IFC), BankMuscat, Nomura Holdings, and Sinthos Capital; led by senior banker Shaukat Tarin along with Sadeq Sayeed was instrumental in the acquisition of a controlling stake (86.55%) in Saudi Pak Commercial Bank (SPCB), later rebranded as Silk Bank Limited.
He rose to prominence during Nomura Holdings's acquisition of the Europe, the Middle East and Africa (EMEA) assets of Lehman Brothers in Oct 2008. Sayeed was the chief negotiator for Nomura during its acquisition of the Lehman's EMEA operations.
From November 2008 till Feb 2009, he served as the Executive vice-chairman and Chief Executive of acquired businesses; overseeing the combined EMEA operations of Nomura and Lehman Brothers. On 2 February 2009, he was appointed as CEO of Nomura International plc, a wholly owned subsidiary of Nomura Europe Holdings plc. He held the position until his retirement on 25 June 2010. He is reported to have received $34m severance package upon his retirement.
After Nomura : 2010 till date
He currently serves as the Chairman of a London-based hedge fund firm – Metage Capital Limited.
He sits on the board of JS Investments Ltd, and Silk Bank Limited.