Lazard exceeds hiring expectations.

Financial News, December, 2002

Byline: Janine Brewis

Lazard has hired 24 managing directors in the past year, exceeding initial predictions for building up the bank, and there are more appointments to come.When Bruce Wasserstein joined Lazard as head in January, he said he would beef up the business.

The 24 hires represent about 10% of Lazard's total managing director headcount.

The new appointees cover sectors including restructuring, energy, chemicals, financial institutions and consumer products.

Jeffrey Sechrest, Louis Zachary and John Chachas, media specialists from Merrill Lynch in New York, are the most recent additions, hired last month.

Marcus Agius, one of four deputy chairmen at Lazard, says the early hiring predictions were guidelines and...

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