Dubai, United Arab Emirates: BlackRock, Inc., announced today that it has appointed May Nasrallah to the newly created position of Non-Executive Chairman and Senior Advisor for its Middle East business.
May has extensive financial services experience, most recently as the Founder and Executive Chairman of deNovo Corporate Advisors (deNovo), an independent, MENA-focused corporate finance and M&A advisory firm. In addition to her appointment at BlackRock, May will continue her primary role in leading deNovo as its Executive Chairman.
“We are delighted to welcome May as a Non-Executive Chairman and Senior Advisor to our Middle East team,” said Rachel Lord, Head of Europe, Middle East and Africa, BlackRock “BlackRock’s business in the Middle East has been built on the foundations of long-standing relationships with key clients. In this rapidly changing environment, we are committed to investing in our local presence to meet evolving client needs. Appointing May to this senior role is key to this strategy and further commitment to BlackRock’s clients in the region.”
Rachel added: “May’s knowledge of the global financial services industry coupled with her depth of experience in the Middle East will support us in serving our clients across the region.”
May Nasrallah commented, “The Middle East is an attractive destination for international businesses, and I am excited to join BlackRock to help in deepening its presence, work and contributions to the local economies and development of the asset management industry across the region. I look forward to working with the local teams and BlackRock’s global leaders to further enhance and extend the firm’s services to its clients across the Middle East.”
May will act as a senior advisor to BlackRock’s senior executives who lead the business across the region, including Ahmed Talhaoui, Head of Middle East and Africa; Paschalis Bouchoris, Head of Dubai; Reda Zebdi, Head of Institutional Clients, Dubai and Yazeed Al Mubarak, Head of Saudi Arabia. She will contribute to setting BlackRock’s strategic direction in the Middle East, expanding and deepening its relationships with clients and other stakeholders, and helping to generate new opportunities.
Prior to setting up DeNovo in 2010, May was Head of Investment Banking for the Middle East and North Africa at Morgan Stanley, where she spent over 15 years across various roles and locations including New York, Hong Kong, London and Dubai. May was ranked one of the 50 Most Influential Women in the Middle East in 2019 by Financial News, and has been featured in the Financial Times List of Leading Business Women in the Arab World.
May holds a Master’s degree in Management and Finance from the Sloan School of Management at the Massachusetts Institute of Technology (MIT), as well as dual Bachelor’s degrees in Economics and Political Science from MIT.
© Press Release 2020
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