Lazard names Wasserstein successor

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Lazard has appointed its North America chief Kenneth Jacobs as its new group chairman and CEO, succeeding Bruce Wasserstein who passed away last month.

The Lazard board unanimously selected Jacobs to lead the group, citing his strong track record of client focus, business growth, and operational skill. Steven Golub, who recently served as interim CEO, will continue as vice chairman of Lazard and chairman of its financial advisory group. "Bruce Wasserstein was an extraordinary leader for the firm and an iconic figure for the industry. We are grateful for all that he accomplished, particularly over the past five years since Lazard's IPO," the Lazard board says. "Lazard now has the strongest depth and breadth of talent, globally, tha...

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