Lazard Middle Market Staffs Up

Lazard Middle Market has added three new managing directors: Robert Frost, previously with Piper Jaffray; Andrew Samett, previously with Bear Stearns; and Scott J.R. Smith, previously with Wachovia. 

 

PRESS RELEASE

Lazard Middle Market (LMM), an indirect subsidiary of Lazard Ltd (NYSE: LAZ), announced today it is bolstering its middle market financial advisory efforts in the U.S.

Joining the firm as LMM Managing Directors, effective immediately, are Robert Frost, a middle-market advisor in M&A from Piper Jaffray; Andrew Samett from Bear Stearns, who will co-head LMM's distressed advisory and restructuring practice with LMM Managing Director Andrew Torgove; and Scott J.R. Smith from Wachovia Securities M&A Group, who will lead LMM's new Southeast office in Charlotte, North Carolina. In addition, LMM Managing Director Robin Engelson was recently named to head LMM's Private Placement practice.

We have enjoyed great success for our clients since the formation of Lazard Middle Market last year, said Kenneth M. Jacobs, CEO of Lazard North America. By adding senior talent to our existing teams in M&A, restructuring and private placement, and establishing a base in the Southeastern region, we will be able to continue to extend our reach in this vibrant market.

Mr. Samett will be based in LMM's New York office, Ms. Engelson and Mr. Frost will be based in the firm's Minneapolis office.

About Lazard Middle Market

Lazard Middle Market (LMM), an indirect subsidiary of Lazard Ltd (NYSE: LAZ), provides sophisticated advice on mergers and acquisitions, restructuring and corporate finance to the middle market with approximately 100 professionals in Minneapolis, New York, Chicago and Los Angeles. Lazard Middle Market brings together senior transaction leadership and full integration with Lazard's industry specialists, international offices and corporate finance capabilities.

About Lazard

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 39 cities across 21 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating back to 1848, the firm provides advice on mergers and acquisitions, restructuring and capital raising, as well as asset management services to corporations, partnerships, institutions, governments, and individuals. For more information on Lazard, please visit www.lazard.com.