Another Senior Departure At Lazard

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Reuters reports that Ken Costa, the chairman of Lazard International, is to step down from his role at the firm, and is said to be leaving later this week.

Costa, 62, was hired into Lazard by the late Bruce Wasserstein in 2007, after a long and successful career at UBS. The banker isn't thought to be looking to retire, and is believed to be mulling over his next career move. One possibility is that he may start his own M&A boutique.

The departure is the second in just a matter of weeks at Lazard, after Naguib Kheraj, the former CEO of Lazard International, remained on board for just 32 days. Kheraj, the former head over at JPMorgan Cazenove, left primarily to concentrate on philanthropic activities with the Aga Khan Development Network.

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