Lazard Is Said to Hire Fritz From Credit Suisse for Germany
Lazard Ltd. (LAZ) will hire Ken Oliver Fritz, the head of investment banking for Germany at Credit Suisse Group AG, to become the co-head of its own German business, according to people familiar with the situation.
Fritz will succeed Alexander Doll, who was hired by Barclays Plc in August, the people said, asking not to be identified before an official announcement. He’ll work alongside Eric Fellhauer, the chief executive officer of Lazard’s German business, they said.
Lazard, based in Hamilton, Bermuda, saw revenue from advising on mergers and acquisitions climb 13 percent to about $793 million in 2012. The firm has advised on transactions including Joh. A. Benckiser SE’s offer to buy DE Master Blenders 1753 NV (DE) for $10 billion and the planned merger of AMR Corp. with U.S. Airways Group Inc.
Representatives for Lazard and Credit Suisse declined to comment on Fritz’s appointment.
Before taking on responsibilities for investment banking generally, Fritz was head of mergers and acquisitions for Germany and Austria at Zurich-based Credit Suisse. He worked on deals including a Qatar fund’s purchase of a stake in Volkswagen AG (VOW) in 2009 when it agreed to combine with Porsche SE.
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