Trending News

Get Your Daily Dose of Trending News


Alex Navab, Prominent Wall Street Dealmaker, Is Dead at 53


Alex Navab, a prominent financier who was once considered a potential successor to the Wall Street titans Henry R. Kravis and George R. Roberts, died on July 7 while vacationing with his family in Greece. He was 53.

Mr. Navab died unexpectedly, according to a statement by his investment firm, Navab Capital Partners. It did not give the cause of death.

Over 24 years, Mr. Navab became a top executive in the private equity industry, where investment firms buy businesses with the aim of cutting costs or growing sales and then reselling them for profit. Worldwide, the industry now oversees some $2 trillion in capital.

Alexander Navab was born on Nov. 24, 1965, in Isfahan, in west-central Iran, to Dr. Ali and Katina (Armenakis) Navab. His father was a physician and his mother a native of Greece. The family fled to Greece after the Iranian revolution in 1979 and then moved to the United States.


Sahred From Source link Business

Leave a Reply

Your email address will not be published. Required fields are marked *