JPMorgan alum tapped to head up Lazard's capital-generating division, according to media reports.
In a move aimed at bolstering its comprehensive range of capital-raising solutions, global financial advisory firm Lazard has announced the launch of its Capital Solutions division. Tim Donahue, who previously served as vice chair of capital markets at JPMorgan Chase, will become the global head of this new division.
The Capital Solutions division will focus on advising companies on ways to raise money, including preferred stock and convertible debt. This division is intended to ensure market intelligence is collected and distributed expeditiously internally, establishing better communication between Lazard and its largest buy-side clients.
Capital-markets deals are often outside the purview of boutique firms like Lazard due to their lack of underwriting capability. The creation of the Capital Solutions division is set to address this gap, allowing Lazard to expand its service offerings and better serve its clients.
Tim Donahue joined Lazard last year, and in his new role, he will oversee Lazard's ties with large U.S.-based private-equity firms. The exact start date of the Capital Solutions division is not specified in the available search results.
The establishment of this new division is expected to position Lazard as a more comprehensive player in the capital-raising market, providing a broader range of services to its clients. This move comes as the financial industry continues to evolve, with firms constantly seeking ways to adapt and offer more value to their clients.
As Lazard continues to grow and expand its services, the Capital Solutions division is poised to play a significant role in its future success. With Tim Donahue at the helm, the division is set to provide expert advice and guidance to companies seeking to raise capital, further solidifying Lazard's position as a leading player in the financial advisory industry.
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