Lazard Appoints Matthieu Pigasse as Global Head of Banking and Deputy Chief Executive Officer of Financial Advisory

– Mark McMaster Named Global Head of M&A –

NEW YORK–(BUSINESS WIRE)–Lazard Ltd (NYSE:LAZ) today announced that, effective immediately,
Matthieu Pigasse, currently Lazard’s Global Head of M&A, Chairman and
CEO of France, and Global Head of Sovereign Advisory will become Global
Head of Banking and Deputy CEO of Financial Advisory. Mark McMaster,
currently a Vice Chairman of Investment Banking and Global Head of
Industrials, will also become the Global Head of M&A.

In his new role, Mr. Pigasse will work with Kenneth M. Jacobs, Chairman
and CEO of Lazard, and Peter R. Orszag, the incoming CEO of Financial
Advisory, to help guide the firm’s advisory activities globally. Mr.
Pigasse will also lead Lazard’s advisory business across continental
Europe, while maintaining his current responsibilities as Chairman and
CEO of Lazard France and Global Head of Sovereign Advisory.

“Matthieu Pigasse has been central to our success in France and
elsewhere. I’m looking forward to all that Peter and Matthieu will do,
with the rest of our superb team, to intensify our advisory work around
the world,” said Mr. Jacobs.

“Matthieu’s new role will substantially elevate our work in serving
clients across continental Europe and beyond, and reinforce Lazard as
the world’s preeminent independent advisory firm,” added Mr. Orszag.

Mr. McMaster will maintain his role as Global Head of Industrials, and
will also lead Lazard’s Power, Energy, and Infrastructure business.
“Mark McMaster is one of the industry’s most trusted and insightful
corporate advisers, and as our Global Head of M&A, he will play a
crucial role in expanding and coordinating our M&A work for our clients
worldwide,” said Mr. Orszag.

About Lazard

Lazard, one of the world’s preeminent financial advisory and asset
management firms, operates from 43 cities across 27 countries in North
America, Europe, Asia, Australia, Central and South America. With
origins dating to 1848, the firm provides advice on mergers and
acquisitions, strategic matters, restructuring and capital structure,
capital raising and corporate finance, as well as asset management
services to corporations, partnerships, institutions, governments and
individuals. For more information on Lazard, please visit www.lazard.com.
Follow Lazard at @Lazard.

LAZ_FAPE

Contacts

Media contacts:
Judi Frost Mackey, +1 212 632 1428
judi.mackey@lazard.com

Clare Pickett, +1 212 632 6963
clare.pickett@lazard.com

Victoire Grux, +33 1 44 13 05 58
victoire.grux@lazard.com

Jenna Ward, +44 20 7187 2305
jenna.ward@lazard.com

Investor contact:
Alexandra Deignan, +1 212 632 6886
alexandra.deignan@lazard.com

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