Sadeq Sayeed (born 1953) is a Pakistani-born British banker and businessman. He is known for his role behind Nomura's acquisition of the Europe, the Middle East and Africa (EMEA) businesses of

Lehman Brothers Lehman Brothers Inc. ( ) was an American global financial services firm founded in 1850. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merril ...

in Oct 2008. From Nov 2008 till Feb 2009, he was CEO of acquired

EMEA Europe, the Middle East and Africa, commonly known by its acronym EMEA among the North American business spheres, is a geographical region used by institutions, governments and global spheres of marketing, media and business when referring to t ...

businesses of Lehman; and later as CEO of Nomura International plc, a wholly owned subsidiary of

Nomura Europe Holdings plc is a financial holding company and a principal member of the Nomura Group, which is Japan's largest List of investment banks#Largest full-service investment banks#Bulge Bracket#Membership, investment bank and Broker-dealer#Japan, brokerage group. ...

until his retirement in June 2010. He was the chairman of a London-based

hedge fund A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...

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 is the capital city of the Administrative units of Pakistan, province of Sindh, Pakistan. It is the List of cities in Pakistan by population, largest city in Pakistan and 12th List of largest cities, largest in the world, with a popul ...

in 1953. He attended

Karachi Grammar School Karachi Grammar School is an independent, English-medium school located in 3 different campuses across Karachi. The main and oldest campus is located in Saddar, Karachi, Sindh, Pakistan. It is a highly selective, coeducational day school (formerl ...

. 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 that use electricity, electronics, and electromagnetism. It emerged as an identifiable occupation in the l ...

from

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a Private university, private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of moder ...

(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 (branded as MIT 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 progra ...

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 Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...

, where he worked 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 was a managing director, firstly within the

arbitrage Arbitrage (, ) is the practice of taking advantage of a difference in prices in two or more marketsstriking a combination of matching deals to capitalize on the difference, the profit being the difference between the market prices at which th ...

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 pr ...

divisions; and latterly within the leverage funds group. In 1993, he taught investment banking at MIT.

Nomura : 2000 to 2010

He joined

Nomura Group is a financial holding company and a principal member of the Nomura Group, which is Japan's largest investment bank and brokerage group. It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, fin ...

in 2000, as member of the firm's Management Committee. On 31 March 2008, a consortium –

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private ...

(IFC), BankMuscat, Nomura Holdings, and Sinthos Capital; led by senior banker

Shaukat Tarin Shaukat Fayyaz Ahmed Tarin (; born 1 October 1953) is a former Pakistani Senator 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 c ...

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 financial holding company and a principal member of the Nomura Group, which is Japan's largest List of investment banks#Largest full-service investment banks#Bulge Bracket#Membership, investment bank and Broker-dealer#Japan, brokerage group. ...

'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 was 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

. 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 unwilfully. In addition to their remaining regular pay, it may include some of the following: * Any additional payment based ...

upon his retirement.

After Nomura : 2010 till date

He is the chairman of a London-based

firm – Metage Capital Limited. He sits on the board of JS Investments Ltd, and Silk Bank Limited. In 2021, Sadeq was convicted for a playing in Banca Monte dei Paschi di Siena accounts scandal. 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 Pakistani emigrants to the United Kingdom British bankers Foreign nationals imprisoned in the United Kingdom MIT Sloan School of Management alumni MIT School of Engineering alumni Karachi Grammar School alumni Nomura Holdings