Lazard Hires BofA's Burton-Morgan for New ECM Advisory Role
Lazard Hires BofA's Daniel Burton-Morgan for New ECM Advisory Role
Investment bank Lazard (NYSE:LAZ) has hired industry veteran Daniel Burton-Morgan to lead a newly created advisory role, according to a source familiar with the matter. Burton-Morgan will serve as head of equity capital markets (ECM) advisory in North America.
Details and Strategic Move
Burton-Morgan joins from Bank of America (BAC), where he led ECM Americas financial sponsor origination. He will report to Tim Donahue, co-head of North America financial advisory and global head of capital solutions. The hire strengthens Lazard's ECM advisory franchise and is part of the 'Lazard 2030' strategy to expand the firm's managing director ranks.
Lazard has been focused on recruiting senior talent across core industry sectors and emerging growth areas. Earlier this month, it hired former Western Midstream Partners CEO Michael Ure as a senior adviser in its power, energy and infrastructure group.
Impacted Symbols
Symbols affected by this headline and their sentiment signals
Lazard, Inc.
Lazard strengthens its ECM advisory franchise by hiring a senior talent, which could positively impact its growth strategy.
Bank of America Corporation
Bank of America loses a managing director, but this is a normal workforce movement for a large bank and has limited impact on its overall operations.
Wesfarmers Limited
Wesfarmers may be indirectly affected as Lazard hired its former CEO as a senior adviser in the energy group, but the news has no direct impact on the company.
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