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Lazard Hires Stephen Finkel as Managing Director and Global Head of Sports Advisory

1. Lazard hires Stephen Finkel as Global Head of Sports Advisory. 2. New appointments reflect Lazard's commitment to growth in sports advisory. 3. Strong demand in sports sector signals robust client engagement potential.

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Why Bullish?

New leadership in growing sectors typically supports stock price increases. Past hires in similar roles have led to revenue growth for firms.

How important is it?

Strategic positions in emerging asset classes can significantly influence fortune. The expertise of the new hires aligns with industry trends.

Why Long Term?

Investment in sports advisory suggests potential revenue growth over years. Similar expansions in other advisory areas have previously increased stock values over time.

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NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that Stephen Finkel joined the firm as a Managing Director and Global Head of Sports Advisory, based in New York. In addition, the firm also welcomed Manoel Carvalho as a Managing Director and Bryan Tannenbaum as a Vice President, to the Media, Entertainment & Sports advisory group. These appointments demonstrate Lazard’s successful global recruiting efforts as the firm continues to execute its long-term growth strategy. The firm previously announced that Ben Braun joined as Global Head of Media, Entertainment & Sports. “Sports continues to develop as a unique global asset class, benefiting from continued strong fan engagement in a fragmented content ecosystem -- Lazard’s unparalleled brand, platform, and capabilities uniquely position us to support our clients," said Ben Braun, Global Head of Media, Entertainment & Sports. "We are excited to welcome Stephen, Manoel, and Bryan as we continue to expand our global practice." Stephen was previously a Senior Managing Director at Guggenheim Securities, where he led the sports advisory practice. Before joining Guggenheim in 2017, Stephen was a Managing Director focused on sports and media at Rothschild & Co, which he joined from Credit Suisse. Stephen had previously been a corporate attorney at Davis Polk & Wardwell. Stephen currently serves as an Adjunct Associate Professor at New York University’s Stern School of Business. Manoel was previously a Managing Director focused on sports, media, and entertainment at Guggenheim Securities, which he joined in 2017 from Rothschild & Co., where he worked in the Technology, Media, and Telecom group. Manoel began his career in consulting at Deloitte. About Lazard Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. For more information, please visit www.lazard.com. LAZ-CPE

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