David H. Sambar (1930-2018) was a British American Lebanese international investment banker, financial advisor and investor. He was a senior executive at Chase Manhattan Bank from 1965 to 1977. Later he was Senior Advisor at UniCredit Banking Group A.G. London and sat on the Board of Directors of several institutions like QIB-UK (alias European Finance House); CAT Holding Luxembourg (Contracting & Trading)s.[2]
David H. Sambar | |
|---|---|
 | |
| Born | August 19, 1930 Haifa, Israel. |
| Died | May 7, 2018 (aged 87)[1] London, United Kingdom |
| Alma mater | Universite de Lyon |
| Occupation(s) | Investment banker, financial advisor and investor |
| Spouse | Salma Zakka |
| Children | 2 |
Early life and education
editDr. Sambar was born in Haifa, Israel. His father was Consul General for Lebanon at the time. The family moved to Lebanon in 1948 on account of the Jewish-Arab hostilities.
He was educated at British, American and French Schools and Universities; and held a doctorate “cum laude” from Universite de Lyon, France – School of Law, Economics & Business. He was Tri-lingual: Fluent in English, French, Arabic and conversational in Spanish, Portuguese and Italian. Sambar lived in Beirut, Paris, London, Geneva and New York.
Career
editDr. Sambar’s early professional career was in the oil industry (Bechtel/Tapline/Aramco) and soon moved into a financial career with Chase Manhattan Bank, New York (1955). At Chase Manhattan Bank he held various positions in different financial centres, namely, Beirut, Paris, Geneva, London and New York. The last positions were Vice President for The Middle East and North Africa in New York and Executive Director of CML (Chase’s Merchant Bank in London). Sambar parted with Chase (1977) to take over as head of international operations for the Sharjah Group[3]—a large investment pool owned predominantly by Gulf Ruling/ Royal family members and a substantial number of individual & institutional investors from the Persian Gulf.
His professional life developed into concentrating less on day to day in favour of Board level appointments. He was soon appointed Honorary Chairman of Banque de la Mediterranee, Paris (1983 to 86) and Executive Chairman of Mediterranee Investors Group Luxembourg & UK. Non Exec Chairman of British American Properties.[4] In the same vein he was invited to Kroll Security Group UK as Senior Consultant.
Dr Sambar had non-profit involvements in his capacity as Fellow of The Institute of Directors, UK; Associate of The Security & Defense Forum; Women's World Banking;[5] Freeman of the City of London as well as Trustee & Counselor of a number of international institutions.
In September 2014, Dr Sambar was appointed Senior Advisor to the Executive Board of STOXX, wholly owned by Deutsche Börse and SMI (Swiss Stock Exchange).
Dr. Sambar was also active on the lecture circuit, frequently delivering papers on financial subjects in front of such bodies as the Council on Foreign Relations, the Stanford Research Institute, and the U.S.-Arab Chamber of Commerce. He was a trustee of the Center for International Business, in Dallas, Texas[6]
Other
editHe was interviewed, profiled and quoted in: Washington Report on Middle East Affairs.,[7] Forbes,[8] The Wall Street Journal,[9][10] International Herald Tribune,[11] Houston Chronicle,[12] Euromoney[13] and Business International Corporation.[14]
Death
editHe died on May 7, 2018, in London of colon cancer at the age of 87. He was survived by his wife Salma Zakka, and his two children, Syma and Habib, both of whom resided in the United States. He was also survived by two brothers and two sisters.[1]
References
edit- ^ a b "In Memoriam: David Sambar, 87". Chase Alumni Association. Retrieved May 2, 2023.
- ^ "QIB UK Our People". www.qib-uk.com.
- ^ "Banking: Who Gets The Petromoney?". www.madcowprod.com. Archived from the original on 2010-11-19.
- ^ "Freedom and security: an appropriate balance?". www.ditchley.co.uk. Archived from the original on 2011-09-27.
- ^ "Celebration" (PDF). www.miranda-levy.com.
- ^ "Washington Report, January 10, 1983, Page 8". Washington Report on Middle East Affairs.
- ^ "Washington Report, January 10, 1983, Page 8". Washington Report on Middle East Affairs.
- ^ Barnfather, Maurice (24 November 1980). "Sambar's Sermonette". Forbes.
- ^ Paul, Bill (9 May 1978). "An investment adviser to arab millionaires". The Wall Street Journal.
- ^ "Buying from abroad is likely to continue supporting U.S stocks". The Wall Street Journal. 28 April 1978.
- ^ Kandell, Jonathan (17 October 1979). "Cautious life of a Petrodollar Manager:He moves billions of oil-generated funds". International Herald Tribune.
- ^ Collins, Albert.t (9 April 1980). "Arabs now trading oil for investments". Houston Chronicle.
- ^ "Front End". Euromoney. April 1982.
- ^ Sambar, David (20 December 1985). "Islamic Fundamentalism:Friend or Foe". Business International Corporation.