Camile Saba to Succeed Robert Leary as Group CEO
In an internal promotion, The Olayan Group has named Camile Saba to succeed Robert Leary as its global chief executive officer. The change takes effect on August 1, 2019.
“Camile Saba is a highly skilled investor, excellent manager, and proven leader,” commented Hutham Olayan, Chairman of The Olayan Group’s Corporate Board. “His judgment is well-informed by a firm grasp of our business and global markets. We have high confidence in his ability to lead us forward.”
Mr. Saba is a second-generation member of The Olayan Group and 33-year veteran of the organization. He joined the Olayan’s New York office in 1986 to initiate the Group’s focus on private equity. In 2008 he rose to head alternative assets at Olayan America and in 2014 became managing director overseeing all investments for the Americas. Early this year Mr. Saba was named global head of listed equities and global co-head of private equity. He is a founding member of the Group’s Global Management Team and succeeds Mr. Leary as leader of that group.
Mr. Leary, formerly the CEO of Nuveen as well as a senior executive at TIAA, joined The Olayan Group as Group CEO in May 2017. He has decided to step down to start a new chapter in his life that will allow him to focus on personal interests, including the environment and education. He will remain affiliated with The Olayan Group as a consultant.
“In a relatively short amount of time, Rob Leary took on a number of initiatives that have helped move our global strategy forward,” stated Ms. Olayan. “Rob is a talented, can-do leader. He established our Global Management Team in 2017. This and other initiatives have expedited our integration as a global organization with strong commitment to universal best practices.”
Ms. Olayan noted that the CEO transition occurs at a time of exceptional financial and investment performance for The Olayan Group.
“Thanks to our strong group of executive managers, backed by dedicated professionals in all of our offices, the Group is positioned very well for a bright future,” Ms. Olayan said.