Ziad Hayek

Since the PPP Law was enacted, Hayek participated in the design of Lebanon's Capital Investment Plan and in organizing the Conférence économique pour le développement par les réformes et avec les entreprises (CEDRE), which was held in Paris in April 2018 and which saw the international community pledge US$11.8 billion in concessional financing to help Lebanon build much-needed infrastructure. The HCP team have been entrusted with the execution of a number of projects, including the expansion of the Beirut Rafic Hariri International Airport, the construction Khladeh-Dbayeh-Oqaibeh toll road, and the establishment of the national data center and the Lebanon Cloud

The PPP Law wasn't enacted in the Parliament until a decade later, in 2017, a period during which Hayek campaigned for its passage by lobbying decision makers, by leading awareness-raising campaigns and by speaking at conferences, workshops, academic, social, political and economic gatherings. When he had first presented his PPP vision, most political parties either did not know what PPP is or were against it. Yet a decade later every major party had adopted PPP as an integral part of its platform. The passage of the PPP Law in 2017 meant success in setting a new direction for the country's economic future.

In 2014, he was made Officer of the National Order of the Cedar, the highest state order of Lebanon.

Hayek also attended the New York Film Academy, where he studied documentary film making. He later collaborated with André Singer on the film “Stairway to Heaven – Rebuilding the Minbar of Saladin” (West Park Pictures, 2009).

Closing the war chapter, Hayek moved fast to work on privatizing the country's telecom sector, in cooperation with the newly appointed Telecom Regulatory Authority. Although major progress had been achieved on that front and everything was ready to launch the privatization auction by February 2008, the Council of Ministers did not approve the launch fearing that the vacant Presidency of the Republic might affect the auction results. Hayek had also worked on PPP initiatives in the power sector. By end-April 2008, bids were received for the tender to build and operate a smart metering network for the power utility and a tender document was ready for the launch of a tender to build a 500MW IPP power plant in Deir Amaar. The events of 7 May 2008 unfortunately derailed those tenders and the subsequent government refused to let the private sector play a role in the power sector. There were however, two positive outcomes from that period: The first is that the power sector reform plan that Hayek had written in 2008 became the main basis for the Lebanese Government power sector reform paper of 2010, which is still today the country's official policy. The second positive outcome was that the Council of Ministers approved in June 2007 the PPP draft law that Hayek had proposed.

On June 1, 2006, the Council of Ministers of Lebanon appointed Hayek to the quasi ministerial-level position of Secretary General of the HCP. As such, he reported to the Prime Minister and was responsible of managing operations of the Council, which is chaired by the Prime Minister and includes the Minister of Finance, the Minister of Economy, the Minister of Labor and the Minister of Justice.

Hayek took the position of Senior Managing Director at Bear Stearns in New York in 1997 and supervised the Firm's emerging markets’ telecom investment banking business. Aside from managing a large number of bond issues, Hayek led the then-largest IPO for a tech company on the New York Stock Exchange for Prodigy Communications Inc. He followed that with a number of M&A transactions for the Grupo Carso subsidiary and for Spain's Telefónica, S.A. The Firm asked Hayek then to move to London to establish its European investment banking business. There he handled a large number of corporate finance deals, including the bidding for UMTS licenses in Europe for Telefónica, totaling more than US$15 billion. In 2003, Hayek and a group of his Bear Stearns colleagues established Lonbridge Associates Ltd., a boutique investment banking firm specializing in the then-exploding fields of telecom technology and renewable energy. The firm that Hayek was CEO, split into two entities in 2006 following Hayek's departure to join the Lebanese Government under Prime Minister Siniora.

In 1994, Hayek re-joined his Citibank team as Managing Director and Partner in Indosuez Capital Latin America, the partnership they established with Banque Indosuez, Paris. After being named President of Indosuez Mexico, S.A. de C.V. he moved to Mexico and headed the Bank's corporate finance activities and its equity, fixed income, futures and options trading business. He oversaw the Partnership's operations in northern Latin America, advised the Mexican Government on the peso crisis and contributed in the return of Mexican companies to the commercial paper market.

Hayek joined Salomon Brothers Inc. in 1992 and while working under Thomas Enders, they established relations with the anti-Apartheid movement in South Africa before the fall of the Apartheid regime. He then played a major role in the re-entry of the country in the international capital markets with the first South African equity funds. He also managed the Firm's relationship with clients in Mexico, Algeria and Russia.

Back at Citibank's head office in New York in 1988, Hayek devised the complex structured finance transactions, leading eventually to debt-for-equity swap in Venezuela and the restructuring and repackaging of the debt of several Latin American countries. Hayek was later promoted to head the International Securitization Department, which developed the securitization of future receivables transactions from credit cards, telecommunications, airline ticket sales, and mineral and oil exports.

Hayek was born in Beit Chabeb, Mount Lebanon. He attended the Collège Mariste Champville and graduated with a Baccalauréat degree in Experimental Sciences. His father, Salah Youssef Hayek, an amateur boxer and actor turned industrialist, and his mother, Essaaf Hanna Hayek, decided to flee Lebanon with their children during one of the fiercest battles of the Lebanese Civil War in 1976. They boarded a boat that took them to Cyprus as refugees. The family later settled in Monterrey, Mexico, where Hayek attended university at the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM). Then, the family emigrated again, this time to Houston, Texas, where Hayek attended the University of Houston. Hayek went on to attend the University of Texas at Dallas and graduated with a master’s degree in International Management.

Ziad Alexandre Hayek (Arabic: زياد حايك; born on 27 January 1959) was Secretary General of the Republic of Lebanon's High Council for Privatization and PPP from 2006 until he was nominated to be President of the World Bank in February 2019. The Lebanese Government withdrew Hayek's nomination in March 2019. The Lebanese press reported that Prime Minister Saad Hariri informed the Council of Ministers that the decision to withdraw the nomination was taken due to foreign pressure. Hayek is currently Vice Chair of the Bureau of the United Nations Economic Commission for Europe Working Party on PPP, Head of the International Center of Excellence in PPP for Ports, President of the World Association of PPP Units & Professionals, Member of the Board of Trustees of the Holy Spirit University of Kaslik, Member of the Investment Committee of World YMCA, and High Commissioner for Lebanon at the World Business Angels Investment Forum.