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New Lazard chairman and CEO: Insider Kenneth Jacobs

By Associated Press November 17, 2009, 9:51 AM EST Post a Comment

Lazard Ltd. is naming Kenneth M. Jacobs as CEO and chairman, choosing a longtime executive at the investment advisory firm to fill vacancies from last month's sudden death of Chairman and CEO Bruce Wasserstein.

Jacobs, 51, joined Lazard in 1988 and most recently served as CEO of Lazard's North American business, a position he assumed in 2002. Jacobs also began serving as deputy chairman that year, and he was named a partner at New York-based Lazard in 1991.

Jacobs' appointment at CEO and chairman is effective immediately.

Steven J. Golub, who was named interim CEO after Wasserstein's Oct. 14 death, will continue as Lazard's vice chairman, and as chairman of its financial advisory group.

Related Articles Lazard CEO Bruce Wasserstein dies Wall Street icon Bruce Wasserstein hospitalized

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