Article: Lazard Hires Investment Bankers Fabrizio Cesario and Frederic Legmann in Financial Institutions Group.

Expands Firm's Pan-European Financial Institutions Advisory Team

LONDON -- Lazard Ltd (NYSE:LAZ) today announced that Fabrizio Cesario and Frederic Legmann will join the firm in January 2009, as Managing Directors in the Financial Institutions Group (FIG). Messrs. Cesario and Legmann, who are based in London, were formerly members of Lehman Brothers' Financial Institutions investment banking team.

"Lazard has an exceptional financial institutions group, having advised on numerous complex, urgent as well as strategic transactions around the world," said Gary Parr, Lazard Deputy Chairman who leads the firm's FIG efforts. "This is an area in which we excel ...

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