Lazard Capital CEO Buchanan Resigns After Strategic Review

Lazard Capital Markets LLC, the closely held brokerage controlled by current and former Lazard Ltd. employees, said Chief Executive Officer William Buchanan resigned after the firm completed its strategic review.

Scott McLaughlin and William Rosenberg will become co-CEOs, said Scott Sunshine, a spokesman for New York-based Lazard Capital. McLaughlin will continue as head of equities, and Rosenberg will keep his chief financial officer and chief operating officer positions, Sunshine said.