Lazard

Lazard, one of the world's pre-eminent financial advisory and asset management firms, operates from 42 cities across 27 countries in North America, Europe, Asia, Australia, Central and South America.

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Lazard appoints MD in Healthcare Group

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Lazard has announced that Navtej Bhullar has joined its subsidiary, Lazard Middle Market LLC, as a Managing Director in its Healthcare Group, focused on healthcare providers and other healthcare services. He is based in New York.

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Bear Stearns - It's All Over

In the end, the end came quickly. Caught in a liquidity squeeze brought on, in the main, by lack of confidence in the durability of its business model, Bear Stearns became the first major casualty of the US subprime lending crisis Sunday, when it agreed to be taken over by JPMorgan Chase for $240m - significantly less than Friday's market capitalization of $3.4bn.

Bank Of America, Barclays, Evercore, Lazard, Nomura

Bloomberg reports that Bank of America has made a decision on who will lead the bank's US wealth management operations. And it will be John Thiel, the 22-year Merrill Lynch veteran. Thiel takes over from Lyle LaMothe, who announced his retirement last month.

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