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Investing.com -- Lazard (NYSE:LAZ) has hired Bank of America’s Bill Hart to lead their financial sponsors division’s coverage focused on West Coast clients, according to a Reuters report on Thursday.
Hart will oversee large and mid-cap sponsors at the investment bank starting this fall season. He brings over a decade of experience working with financial sponsors to his new role.
Currently, Hart serves as the managing director for financial sponsors - which include private equity firms and other buy-side funds - at Bank of America’s wealth management and investment division.
This hiring aligns with Lazard’s strategy to strengthen their activities involving buyout firms and alternative asset managers as the bank seeks to increase its share in private capital.
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