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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.