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Lazard Appoints Lord Mandelson

Lazard has announced that Lord Mandelson, former Secretary of State for Business, Enterprise and Regulatory Reform, will serve as a Senior Adviser to the firm, effective immediately.

Morgan Stanley Dragged Into Insider Trading Case

The New York Times DealBook column reports that Kamal Ahmed, a Managing Director at Morgan Stanley, has been placed on leave while the firm investigates allegations that he leaked information about a pending M&A deal involving Advanced Micro Devices in May 2006.

Citi's Vikram Pandit - The Succession

Citi CEO Vikram Pandit reorganised his top troops last week, promoting John Havens ato COO. But some commentators are concerned that this latest reorg still leaves no clues as to who Pandit is grooming to succeed him (Havens is thought likely to step down when Pandit eventually does so).