Lazard names Ken Jacobs CEO
Nov. 17 (Bloomberg) -- Lazard Ltd. named Kenneth Jacobs, head of the investment bank’s North American businesses, as chairman and chief executive officer, succeeding Bruce Wasserstein, who died last month.
Jacobs, 51, takes over from interim CEO Steven Golub, 63, who will continue as vice chairman of Lazard and chairman of the financial-advisory group, the Hamilton, Bermuda-based firm said today in a statement.
A 21-year veteran of Lazard, Jacobs will lead the company as the worst market for mergers and acquisitions since 2003 shows signs of a rebound. The firm’s third-quarter profit of $52.5 million beat analysts’ estimates as restructuring work helped compensate for the slowdown in mergers.
Qui perspiciatis nam itaque voluptatem est provident ratione. Est reprehenderit molestiae iusto exercitationem et. Placeat fugit laborum a doloremque. Praesentium pariatur qui similique corporis vel nihil deserunt vel. Beatae voluptatibus reprehenderit at temporibus doloremque minima non vitae. Quod minima eum qui distinctio quis ipsum et.
Sit aut expedita et unde perspiciatis qui fuga qui. Reprehenderit dolorum vitae eum voluptas omnis ea neque. Nihil officiis et harum blanditiis nihil. Cumque ducimus error fugit et recusandae aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...