Market Overview

Henry Michaels Joins Lazard as a Senior Advisor

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Lazard Ltd (NYSE:LAZ) announced today that Henry Michaels has been
appointed as a Senior Advisor in Financial Advisory, effective
immediately. Mr. Michaels was previously Co-Head of the RBC Capital
Markets U.S. Financial Institutions Group. Based in New York, he will
serve as an advisor to Lazard's Financial Institutions Group, North
America.

Mr. Michaels has more than three decades of experience advising
financial institutions on strategic matters. Prior to joining Lazard,
Mr. Michaels was a Managing Director and Co-Head of the RBC Capital
Markets U.S. Financial Institutions Group since 2009. Before that, he
served as Co-Head of the Banks and Diversified Financial Services
practice at Citigroup since 2006. He was a Managing Director in the
Financial Institutions Group of Lehman Brothers from 1999 to 2006, and
worked in Merrill Lynch's Financial Institutions Group from 1985 through
1999, lastly as a Managing Director. He began his career at Dean Witter
Reynolds in 1982. Mr. Michaels graduated with honors from The Wharton
School of the University of Pennsylvania.

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, please visit www.lazard.com.
Follow Lazard at @Lazard.

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