GLOBAL - Lazard has named Credit Suisse First Boston's (CSFB) Charles Ward as its new president.
Prior to joining Lazard, Ward was co-head of global investment banking and private equity at CSFB. Previously, Ward served as the president of investment bank Wasserstein Perella for six years.
Bruce Wasserstein, the new head of Lazard, said: “I have been trying to persuade Chuck to join Lazard since Thanksgiving. His skill and experience, both as a banker and a manager, will serve Lazard well. Chuck will be a tremendous asset to the firm and will help position Lazard for our next phase of growth.'”
The arrival of former colleague Ward comes as Wasserstein implements his program of changes at the firm. As part of the revamp, Lazard Asset Management has been granted increased autonomy in order to further develop its business. Additionally, the fund manager will be allowed to introduce a new incentive program to motivate its employees.
By Geoffrey Ho
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