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NEW YORK--([ BUSINESS WIRE ])--Lazard Ltd (NYSE: LAZ) announced today that Andrs Velasco, former Finance Minister of Chile and founding partner of SCL Partners, will serve as a Senior Advisor to the firm, globally, effective immediately.

Mr. Velasco served as Finance Minister of Chile for four years through March of 2010. He has also been a consultant to the International Monetary Fund, the Inter-American Development Bank, the World Bank and the Economic Commission for Latin America and the Caribbean. Since 2000, Mr. Velasco has been a Professor at Harvard Universityas John F. Kennedy School of Government and is currently a Visiting Professor at Columbia Universityas School of International and Public Affairs.

Mr. Velasco holds a Ph.D. in Economics from Columbia University and was a Postdoctoral Fellow in Political Economy at Harvard University and the Massachusetts Institute of Technology.

About Lazard

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 42 cities across 27 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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