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LONDON--(BUSINESS WIRE)-- Lazard, Inc. (NYSE: LAZ) today announced that Klaus H. Hessberger has been appointed to the firm as Managing Director, Global Co-Head, and Head of Europe for Lazard鈥檚 Financial Sponsors Group, based in London.

Adam Cady, previously Lazard鈥檚 Head of Large-Cap Financial Sponsor Coverage North America in New York, has also been named Global Co-Head of the Global Financial Sponsors Group, running the team together with Klaus.

These appointments reflect Lazard鈥檚 expanding connectivity and partnership with alternative asset managers, which continues to be a principal area of focus and a major source of future growth for the firm globally. Lazard鈥檚 recruiting efforts are also a key contributor to the firm鈥檚 long-term growth goals, with ongoing success in attracting top tier talent globally.

鈥淜laus is a recognised leader in the global financial sponsor community with an impressive track record of advising global alternative asset managers and leading teams of highly experienced industry professionals,鈥� said Peter R. Orszag, CEO and Chairman. 鈥淭ogether with Adam, who has played a pivotal role in managing Lazard鈥檚 relationships with the world鈥檚 largest alternative asset managers, we are well-positioned to further advance our market-leading offering to financial sponsor clients in Europe and globally.鈥�

鈥淚鈥檓 thrilled to join Lazard, a firm with a rich history and an unparalleled reputation for excellence in advising financial sponsor and corporate clients around the world. Lazard鈥檚 leading global industry, sector and product platform and innovative approach ensure the firm鈥檚 clients succeed in an increasingly complex investment landscape. Working alongside Adam and the talented team, I鈥檓 excited to build on Lazard鈥檚 strong foundations and deliver meaningful results for our clients,鈥� said Klaus H. Hessberger.

Before joining Lazard, Klaus held various prominent roles over 25 years with J.P. Morgan, helping to build and co-running their market-leading European and later Global Financial Sponsors franchise, initially as European and later Global Co-Head. Klaus has most recently served as Vice Chair of the Global Financial Sponsors and Strategic Investors Coverage Group at J.P. Morgan.

In these roles, Klaus covered top-tier global financial sponsor and strategic investor clients, including private equity and infrastructure funds, family offices, sovereign wealth and pension funds. In addition to his Financial Sponsor track record, Klaus brings a broad range of global industry sector and capital markets expertise, having previously co-run J.P. Morgan鈥檚 Equity Capital Markets origination business in EMEA for nine years.

Adam Cady has nearly three decades of experience in investment banking and capital markets. Prior to joining Lazard鈥檚 New York office in February 2024, Adam held various senior positions at Bank of America, departing as Managing Director and Head of Americas Financial Sponsors Group. He started his career as a leveraged finance professional at Merrill Lynch and NationsBank.

About Lazard

Founded in 1848, Lazard is the preeminent financial advisory and asset management firm, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. For more information, please visit and follow .

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Source: Lazard, Inc.