Lockton, the world’s largest privately held independent insurance broker, has announced the appointment of two senior executives to newly created leadership roles in the Middle East and North Africa (MENA) region. These appointments are part of Lockton’s continued investment in its Direct insurance broking business and its commitment to delivering exceptional client service across the region.
Jad Ghazal has been appointed Chief Business Officer – Direct, where he will lead and execute the strategic operations of Lockton’s direct business across the region. In this newly created role, Jad will be responsible for supporting regional strategies, ensuring operational excellence, creating and implementing holistic value proposition, and aligning business functions to support sustainable growth.
Jad brings over 20 years of experience in the insurance industry across the region, having held leadership roles in various brokerage firms. He joined Lockton in 2021.
Shadi Al Mahameed has been appointed Chief Growth Officer – Direct, where he will lead Lockton’s business development and growth strategies efforts across the Middle East existing markets. Shadi will focus on driving growth initiatives, and fostering a high-performance sales culture.
Shadi joined Lockton in 2023 and brings with him 30 years of experience in the insurance industry across MENA, having held senior leadership roles in both insurers and brokers.
Both Jad and Shadi will work closely with Lockton’s existing Country CEOs and leaders to support their business objectives and ensure alignment with the firm’s regional growth strategy. They will work with Fadi Ashkar in implementing Lockton’s expansion strategy in the MENA region.
Fadi Ashkar, Regional Managing Director, MENA, commented:
“These appointments reflect our strategic focus on building a strong leadership team to support our strategic expansion and growth plans across MENA. Jad and Shadi bring a wealth of experience and a deep understanding of the regional market. Their leadership will be instrumental in driving operational excellence and delivering value to our clients, associates and partners. These roles will also focus on unifying our regional strategy by working hand-in-hand with our Country CEOs to support their market objectives and drive consistent client excellence.”
These appointments underscore Lockton’s commitment to investing in leadership and innovation to support its clients across the MENA region.
About Lockton
Lockton is the world’s largest independent insurance brokerage, delivering customised solutions and deep expertise in risk management, insurance, and employee benefits. With a strong presence in the MENA region, Lockton is committed to helping clients navigate complex risks and achieve their business goals.