Lazard Middle Markets Staffs Up

Douglas Brown and Alexander Chefetz have joined Lazard Middle Markets as managing directors. Brown will focus on the healthcare sector out of Lazard’s Charlotte office, and previously was with Wachovia Securities. Chefetz will focus on the consumer products sector out of Lazard’s New York office, and previously was with Thomas Weisel Partners.

PRESS RELEASE

Lazard Middle Market, a subsidiary of Lazard Ltd (NYSE: LAZ), today announced that it has recently hired Douglas Brown and Alexander Chefetz as Managing Directors, specializing in the healthcare, and consumer and retail industries, respectively.

“Our Middle Market advisory business continues to provide the highest levels of service to clients across all major industries and we are accelerating our hiring at senior levels,” said Kenneth M. Jacobs, CEO of Lazard North America. “Douglas and Alexander add a broad set of advisory skills and deep industry experience that we expect will add value to our clients in the healthcare, consumer and retail sectors.”

Mr. Brown, 39, has joined Lazard Middle Market in Charlotte, and is focusing on healthcare services M&A and capital markets advisory, including IPOs and follow-on offerings. He will also work closely with Lazard’s global Healthcare team. For the past eight years Mr. Brown was a Managing Director in Wachovia Securities’ Healthcare Investment Banking group.

Mr. Chefetz, 46, is based in Lazard Middle Market’s New York office and specializes in financing and mergers and acquisitions advisory for consumer product companies and retailers. He has extensive experience advising clients on private placements, IPOs, PIPEs, follow-on offerings and convertibles. Mr. Chefetz recently joined Lazard Middle Market after nearly 10 years at Thomas Weisel Partners where he was a Managing Director, co-Head of the Consumer Investment Banking group and a founding partner of the firm.

About Lazard Middle Market

Lazard Middle Market LLC (www.lazardmm.com), a subsidiary of Lazard Ltd (NYSE:LAZ), provides strategic advice on M&A, restructuring, and public and private capital raising to the middle market. Our senior professionals focus exclusively on mid-cap companies, bringing to bear all the industry expertise, senior board-level relationships and local perspectives of Lazard’s bankers worldwide.

About Lazard

Lazard, one of the world’s preeminent financial advisory and asset management firms, operates from 39 cities across 24 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.