Lazard Appoints Kurtz Restructuring Chief After Ridings, Savage

Lazard Ltd., shaking up one of Wall Street’s biggest restructuring practices, picked David Kurtz to be global head of the unit, taking over for the group’s co-founders, Barry Ridings and Frank “Terry” Savage.

Kurtz, 57, who has worked at the firm since 2002, will still be based in Lazard’s Chicago office, he said in a telephone interview. Ridings and Savage will assume new roles expanding the company’s practice overseas, said Antonio Weiss, Lazard’s global head of investment banking.