Lazard Hires Trust Head For Wealth-Management Business
International merchant bank and money manager Lazard has hired former Fiduciary Trust adviser Sharon Klein to oversee the delivery of trust and estate-planning services to its private clients in the U.S. She reports to Thaddeus Shelly, chief executive of Lazard's U.S. wealth-management business.
Klein, a wealth adviser for nearly two decades, was trust counsel and head of estate advisory at Fiduciary Trust, a subsidiary of San Mateo, Calif.-based investment manager Franklin Templeton.
"Sharon is a highly respected wealth-management professional, particularly in trust and estate planning," says Shelly, who joined Lazard late this past spring from New York-based Bessemer Trust, where he was head of U.S. mid-Atlantic, South and southeastern operations.
Hamilton, Bermuda-based Lazard Ltd. (LAZ) managed more than $120 billion at the end of September. It does business in 24 countries.
-By Thomas Coyle, Dow Jones Newswires; 718-545-8628
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