Lazard announces two senior promotions

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Lazard has announced that it has named Alexander F. Stern as Chief Executive Officer, Financial Advisory, and Matthieu Pigasse as Global Head, M&A and Sovereign Advisory.

The appointments will drive the next phase of Lazard’s advisory growth plan, while delivering the highest quality advice to clients.

'Alex’s expertise in advising clients for over 20 years, combined with his skills and experience in strategy and operations, make him uniquely positioned to lead the industry’s strongest advisory focused franchise', said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. 'As CEO, Financial Advisory, Alex will lead and drive strategy for our global investment banking businesses'.

'Matthieu, working with Bruno Roger, has elevated our business in France to a new level of success and professionalism for our clients, while expanding our reach into emerging markets and building Sovereign Advisory into a best-in-class practice', said Jacobs. 'As Global Head of M&A, he will be responsible for intensifying our client focus, which strengthens the firm’s unrivaled network of relationships around the world'.

'Alex and Matthieu will work closely together with our senior Financial Advisory leadership, the most formidable team in the industry', said Jacobs.

Stern has served as Chief Operating Officer of Lazard since November 2008 and as Global Head of Strategy since February 2006, while continuing to advise clients. He was named a Managing Director in January 2002. Stern joined Lazard in 1994. Pigasse, CEO of Lazard France since 2009, has led Lazard’s global Sovereign Advisory Group since he joined the firm as a Managing Director in 2002. Previously, he served in various positions in the French Treasury and the French Ministry of Economy, Finance and Industry.

Messrs. Stern and Pigasse will continue to serve in their current roles as Chief Operating Officer of Lazard and Chief Executive Officer of Lazard France, respectively.

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