RIYADH HQ

Lazard joins Goldman in setting up regional base in Saudi capital

Stonepeak, a New York-based investment firm managing $71 billion in assets, said it will open a Middle East office in the Abu Dhabi Global Market

The Kingdom Centre skyscraper in Riyadh (Getty Images)

Saudi Arabia’s push to anchor itself as a global financial capital lassoed another Wall Street firm as Lazard Inc. received a government license to establish a regional headquarters in Riyadh.

The authorization by the kingdom’s Ministry of Investment will...