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Lazard Hires Youngbum Kwon to Lead Korean Investment Banking Business

^{Published on 2010-10-20 18:40:47 - Market Wire}
 

SEOUL, South Korea--([ BUSINESS WIRE ])--Lazard Ltd (NYSE:LAZ) announced that it has hired Youngbum Kwon as a Managing Director and Head of Korean Investment Banking, effective immediately. Based in Seoul, Mr. Kwon joined Lazard from Deutsche Bank, where he was a Managing Director and Head of M&A for Korea, Hong Kong and Taiwan.

"Lazard has always been highly adaptable to the changing nature of the global economic environment, and we will continue to invest in developing countries such as Korea to meet the needs of our global clients."

"This is a significant appointment for Lazard as we look to further strengthen our presence in Asia," said Kenneth M. Jacobs, Chairman and CEO of Lazard. "Lazard has always been highly adaptable to the changing nature of the global economic environment, and we will continue to invest in developing countries such as Korea to meet the needs of our global clients."

"Youngbum Kwon brings a wealth of Korean M&A experience to the firm, which will be of great benefit to our clients," said David Timblick, Lazard's Head of Asian Investment Banking. "Lazard has been present in Korea for many years, but with the growing importance of the Korean economy and the global success of Korean corporates, clients are involved in increasingly complex transactions and are looking for more sophisticated, independent advice."

Prior to joining Deutsche Bank in early 2009, Mr. Kwon spent five years as a Managing Director at UBS based in Hong Kong, leading efforts to build its Asian M&A business. Between 1999 and 2003, Mr. Kwon worked for Credit Suisse in Hong Kong, focusing on Korea. He began his investment-banking career at Bankers Trust in 1995.

Mr. Kwon holds a Master of Science in Industrial Administration from Carnegie Mellon University, Pittsburgh and a Bachelor of Arts in Business Administration from Yonsei University, Seoul.

Lazard opened its Seoul office in 1999 and has advised on several of the most high-profile situations in Koreaa™s recent economic development, including the restructuring of the foreign debt of the Daewoo Group, the restructuring of Hyundai Engineering and Construction and the sale by AB InBev of Oriental Brewery to an affiliate of KKR.

About Lazard

Lazard, one of the worlda™s preeminent financial advisory and asset management firms, operates from 41 cities across 26 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. For more information on Lazard, please visit [ www.lazard.com ].

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