Market Overview

Michael Skelly Joins Lazard as a Senior Advisor


Lazard Ltd (NYSE:LAZ) announced today that Michael Skelly has been
appointed as a Senior Advisor in Financial Advisory, with a focus on
energy, sustainability and infrastructure. He will be based in Houston
and New York. Mr. Skelly is the founder and Chairman of Clean Line
Energy Partners, a leading U.S. renewable energy infrastructure company.

"We have known Skelly for many years and could not be more pleased to
have him join us," said George Bilicic, a Vice Chairman, Investment
Banking, for Lazard. "He is an accomplished strategic thinker whose
expertise and leadership in renewable energy will be a powerful resource
for our clients worldwide. Skelly's international experience will be a
great asset as capital flows globally and as uses for electric power
continue to evolve," added Mr. Bilicic, who heads the Global Power,
Energy & Infrastructure Group as well as Lazard's Midwest investment
banking business.

Mr. Skelly founded Clean Line Energy Partners in 2009, and was President
until becoming Chairman in 2018. The company's sole focus is on
continued development of its Grain Belt Express project. Previously, he
led the growth of Horizon Wind Energy from family ownership in 1999
through acquisition by Goldman Sachs and, ultimately, EDP Renewables,
which is now one of the largest renewable energy companies in the world.
Before that, Mr. Skelly worked at Energia Global and New World Power,
focusing on energy projects in Latin America.

Mr. Skelly is active in the Houston community, where he applies his
expertise in developing large-scale infrastructure projects to enhance
transportation options and increase access to parks. In 2012, he led the
"ParksByYou" campaign, which resulted in more than 100 miles of trails
along the city's bayous. Mr. Skelly sits on the boards of the
transportation equity group LINK Houston, Houston Bike Share, Houston
Parks Board, innovation space TXRX Labs and the American Wind Energy
Association. He is an active angel investor in the sustainability field,
with investments in lithium production, shared electric scooters, smart
grids and ride sharing. He earned an MBA from Harvard Business School,
and a BA from the University of Notre Dame.

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
Follow Lazard at @Lazard.


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