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Agency / Source: Lazard Asset Management, LLC

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Lazard Middle Market Hires Nicholas J. Sheumack as Managing Director to Head Financial Institutions Group - Lazard Middle Market, a subsidiary of Lazard Ltd (NYSE: LAZ), announced today that Nicholas J. Sheumack has joined the firm as a Managing Director and head of Lazard Middle Market’s Financial Institutions Group. He is based in New York - Lazard.com
Lazard Middle Market Hires Nicholas J. Sheumack as Managing Director to Head Financial Institutions Group

 

NewswireTODAY - /newswire/ - New York, NY, United States, 2011/08/10 - Lazard Middle Market, a subsidiary of Lazard Ltd (NYSE: LAZ), announced today that Nicholas J. Sheumack has joined the firm as a Managing Director and head of Lazard Middle Market’s Financial Institutions Group. He is based in New York - Lazard.com. NYSE: LAZ

   
 
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“Nick brings extensive and diversified experience providing strategic, financial and capital markets advice to public and private companies in both the depository and non-depository sectors of the financial services industry,” said Michael McFadden, co-CEO of Lazard Middle Market.

“Nick has established a reputation in the financial institutions sector, having advisedon many of the most notable middle market transactions in the sector in recent years and in designing and implementing growth plans and achieving capital structure goals,” added Lazard Middle Market’s co-CEO David Solomon.

Mr. Sheumack’s clients include banks, asset and wealth management firms, securities broker-dealers, investment banks, exchanges, insurance companies, real estate investment trusts, business development companies, specialty finance, and financial technology firms.

Prior to joining Lazard, Mr. Sheumack held senior positions at investment banks specializing in the financial sector. He was a Partner at Sandler O’Neill + Partners, LP where he oversaw the Diversified Finance investment banking effort and was a Managing Director at Keefe, Bruyette & Woods for over a decade. While at KBW, he was active in client management and new business origination, founded, built and led the Diversified Finance Coverage Group, as well as the Financial Sponsor Advisory Group.

About Lazard Middle Market
Lazard Middle Market LLC (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 (lazard.com), 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.

Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements.” In some cases, you can identify these statements by forward-looking words such as “may”,“might”,“will”,“should”,“expect”,“plan”,“anticipate”,“believe”,“estimate”,“predict”,“potential” or “continue”, and the negative of these terms and other comparable terminology. These forward-looking statements are not historical facts but instead represent only our belief regarding future results, many of which, by their nature, are inherently uncertain and outside of our control. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by these forward-looking statements.

These factors include, but are not limited to, those discussed in our Annual Report on Form 10-K under Item 1A “Risk Factors,” and also disclosed from time to time in reports on Forms 10-Q and 8-K including the following:

• A decline in general economic conditions or the global financial markets;
• Losses caused by financial or other problems experienced by third parties;
• Losses due to unidentified or unanticipated risks;
• A lack of liquidity, i.e., ready access to funds, for use in our businesses; and
• Competitive pressure.

Lazard Ltd is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, Lazard and its operating companies use their websites to convey information about their businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information, and the posting of updates of assets under management in various hedge funds and mutual funds and other investment products managed by Lazard Asset Management LLC and its subsidiaries. Monthly updates of these funds will be posted to the Lazard Asset Management website (lazardnet.com) on the third business day following the end of each month.

 
 
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Agency / Source: Lazard Asset Management, LLC

 
 

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Lazard Middle Market Hires Nicholas J. Sheumack as Managing Director to Head Financial Institutions Group

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Contact: Monica Orbe - Lazard.com 
+1 212-632-6968 monica.orbe[.]lazard.com
 
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