Lazard CEO Bruce Wasserstein Dies at 61

NEW YORK (Reuters) – Lazard Ltd Chief Executive Bruce Wasserstein has died, a Lazard spokeswoman said on Wednesday.

The company announced on Sunday that Wasserstein, 61, had been hospitalized for an irregular heartbeat.

It called his condition “serious,” but added that he was “stable and recovering.”

Lazard shares were halted before the close pending an announcement.

Wasserstein, a star investment banker since the 1970s, was credited with brokering more than 1,000 transactions worth more than $250 billion, including Time’s merger with Warner Brothers and the Dean Witter, Discover & Co combination with Morgan Stanley.

(Reporting by Steve Eder; Editing by Ted Kerr)