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 Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before Bankruptcy of Lehman Brothers, filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Gol ...

in Oct 2008. He holds a bachelor of science degree in electrical engineering from the

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the ...

, 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 is a Japanese financial holding company and a principal member of the Nomura Group. It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, instituti ...

until his retirement in June 2010. He previously served as the chairman of a London-based

hedge fund A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as sho ...

firm, Metage Capital Limited until March 2019. He has also sat on the board of JS Investments Ltd, and Silk Bank Ltd.

Early life and education

Sadeq Sayeed was born in

Karachi Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former cap ...

on Dec 1953. He attended Karachi Grammar School. Later, he enrolled for an undergraduate program in economics with concentration in

electrical engineering Electrical engineering is an engineering discipline concerned with the study, design, and application of equipment, devices, and systems which use electricity, electronics, and electromagnetism. It emerged as an identifiable occupation in the l ...

from

(MIT). After earning his BS degree, he went on to complete his master's degree in finance from the

MIT Sloan School of Management The MIT Sloan School of Management (MIT Sloan or Sloan) is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs, ...

Professional career

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 The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

, where he served for five years. In 1985, he joined the London office of

Credit Swiss First Boston Credit Suisse First Boston (also known as CSFB and CS First Boston) is the investment banking affiliate of Credit Suisse headquartered in New York. The company was created by the merger of First Boston Corporation and Credit Suisse Group in 1988 ...

(CSFB) as an associate within the cross markets arbitrage group. From 1989 to 1999, he served as the managing director, firstly within the

arbitrage In economics and finance, arbitrage (, ) is the practice of taking advantage of a difference in prices in two or more markets; striking a combination of matching deals to capitalise on the difference, the profit being the difference between the ...

group and

fixed income Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. For example, the borrower may have to pay interest at a fixed rate once a year and repay the prin ...

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 Bank Muscat is a financial services provider in the Sultanate of Oman providing corporate banking, retail banking, investment banking, treasury, private banking and asset management. The bank, with assets worth United States dollar, US$ 31.9 bil ...

, Nomura Holdings, and Sinthos Capital; led by senior banker

Shaukat Tarin Shaukat Fayyaz Ahmed Tarin ( ur, ; born 1 January 1953) is a Pakistani politician and banker who served as Finance Minister of Pakistan from 2008 to 2010 in the Gillani cabinet also and worked with the help of the Pakistan People’s Party's ...

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 is a Japanese financial holding company and a principal member of the Nomura Group. It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, institut ...

's acquisition of the Europe, the Middle East and Africa (EMEA) assets of

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 is a wholly owned subsidiary of Nomura Holdings, Inc. (NHI), which forms part of the Nomura Group. It plays a central role in the securities business, the Group's core business. Nomura is a financial services group and global investment bank. Bas ...

, a wholly owned subsidiary of

. He held the position until his retirement on 25 June 2010. He is reported to have received $34m

severance package A severance package is pay and benefits that employees may be entitled to receive when they leave employment at a company unwillfully. In addition to their remaining regular pay, it may include some of the following: * Any additional payment base ...

upon his retirement.

After Nomura : 2010 till date

He currently serves as the

Chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

of a London-based

firm – Metage Capital Limited. He sits on the board of JS Investments Ltd, and Silk Bank Limited. On 6 May 2022, Sadeq was fully acquitted by the Court of Appeal in Milan of charges that had been brought against him and Nomura, relating to a transaction between Nomura and Banca Monte dei Paschi di Siena SpA executed in 2009.

References

{{DEFAULTSORT:Sayeed, Sadeq Living people 1953 births Pakistani bankers MIT Sloan School of Management alumni MIT School of Engineering alumni Karachi Grammar School alumni Nomura Holdings