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January 10, 2008 |
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LAZARD LTD: Appoints John Rutherford as Managing Director Lazard Ltd. disclosed that John R. Rutherford has joined the firm as a Managing Director and Head of North American Energy Investment Banking. Based in Houston, Mr. Rutherford was most recently a Managing Director and Partner at Simmons & Company International, an independent investment bank serving the energy industry. Mr. Rutherford will be a senior member of Lazard's energy effort working closely with Bruce Bilger, who was recently hired as Chairman and Head of Global Energy, based in Houston. He also will work with George Bilicic, who heads the firm's Global Power & Energy group, and with Lazard investment bankers in North America, South America, Europe, Australia and Asia. "I have known John for twenty years," said Bruce Wasserstein, Chairman and CEO of Lazard. "As we continue to add industry depth to our financial advisory business, he will bring tremendous expertise to our global energy effort and to our Southwest regional business." Lazard's global Power & Energy sector has broadened and deepened its expertise over the past five years. The firm has most recently advised on such announced and completed transactions as the acquisition of TXU by KKR and an investor group, Sempra Energy in its joint venture with the Royal Bank of Scotland, ASM Brescia in its merger with AEM Milano, TransCanada in its acquisition of ANR Pipeline and Storage, Duke Energy in the separation of its gas and power businesses, KeySpan in its sale to National Grid and Gaz de France on its proposed merger with Suez. The firm has continued to bolster its teams in its Power & Energy effort, with the addition of Skip Grow in alternative energy, and now with Mr. Bilger and Mr. Rutherford. "John is one of the most respected investment bankers in energy," said Mr. Bilger. "He will play a key role in providing specialist skills and industry knowledge, which will be a great complement to our teams in Houston and North America." "Lazard has taken the concept of premium, financial advice to a global platform, while still bringing sector focus to the table," said Mr. Rutherford. "This is the perfect next step for me, and I look forward to working with the Lazard teams in Houston, North America and worldwide." Mr. Rutherford joins Lazard after ten years at Simmons, where he played a leadership role in building its financial advisory businesses in the mid-stream, downstream, and exploration and production sectors. He also expanded Simmons' efforts in public oil-field services industry transactions. During his tenure there he advised clients on such transactions as mergers and acquisitions, corporate restructurings and other strategic advisory assignments. Prior to Simmons, Mr. Rutherford was a senior M&A banker at Lehman Brothers in Houston in its Natural Resources Group and Mergers and Acquisitions Group, where he was primarily responsible for originating and executing M&A assignments and strategic advisory assignments. In his earlier years, Mr. Rutherford opened the Houston office for Wasserstein Perella & Co. and was a banker at First Boston. He also spent two years as CFO and partner of Sandefer Offshore. Mr. Rutherford earned a BBA in Petroleum Land Management and Accounting from the University of Texas at Austin, and an MBA with Distinction from the Wharton School of Business. About Lazard Ltd. Lazard Ltd. (NYSE:LAZ) -- http://www.lazard.com/ -- is a preeminent financial advisory and asset management firms, that operates from 32 cities across 16 countries in North America, Europe, Asia, Australia and South America. With origins dating back to 1848, the firm provides advice on mergers and acquisitions, restructuring and capital raising, well as asset management services to corporations, partnerships, institutions, governments, and individuals. The company has locations in Australia, Brazil, China, France, Germany, India, Japan, Korea and Singapore. The company's consolidated balance sheet at Sept. 30, 2007, showed US$3.51 billion in total assets, US$3.54 billion in total liabilities, and US$49.0 million minority interest, resulting in a US$74.5 million total shareholders' deficiency. |
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