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Lazard Appoints Jesse Bhattal As Senior Advisor

Lazard Ltd (NYSE: LAZ) today announced that Jesse Bhattal has been appointed as a Senior Advisor, effective immediately. Mr. Bhattal will advise senior management regarding clients and strategic initiatives internationally, with a focus on the Asia-Pacific region. Mr. Bhattal was formerly President and Chief Executive Officer of Nomura’s Global Wholesale Division and Chairman and Chief Executive Officer of Lehman Brothers Asia.

“Jesse Bhattal is one of the most respected and accomplished dealmakers in the Asia Pacific region,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer, Lazard. “We are confident that his experience and relationships will benefit our clients in Lazard’s core businesses globally.”

Over a distinguished 30-year career, Mr. Bhattal led many of the Asia-Pacific region’s most significant mandates, and successfully grew businesses through a period of change in the industry. As President and CEO of Nomura’s Global Wholesale Division, Mr. Bhattal was responsible for global markets, investment banking, and other non-retail businesses in Japan, Asia-Pacific, EMEA and the Americas. Prior to joining Nomura, he was Chairman and CEO of Lehman Brothers Asia and a member of Lehman Brothers’ executive committee.

Mr. Bhattal is a Rhodes Scholar with an Honors degree in Philosophy, Politics and Economics from Oxford University. He earned his undergraduate degree with honors from St. Stephen’s College in New Delhi.

About Lazard

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 42 cities across 27 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, 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.

LAZ-G



Copyright Business Wire 2010

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