Lazard taps BofA veteran Burton-Morgan for new ECM advisory role, source says

Bank Of America
Lazard
Western Midstream

Bank Of America

BAC

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Lazard

LAZ

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Western Midstream

WES

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- Investment bank Lazard LAZ.N has hired industry veteran Daniel Burton-Morgan to lead a newly created advisory role, a source familiar with the matter said on Wednesday.


The details of the move are below:

  • Burton-Morgan will be the head of equity capital markets advisory in North America, the source said

  • He moves from Bank of America BAC.N, where he led the ECM Americas financial sponsor origination

  • Neither bank responded to Reuters requests for comment

  • Burton-Morgan will report to Tim Donahue, co-head of North America financial advisory and global head of capital solutions, according to the source

  • The hire strengthens Lazard's ECM advisory franchise, which has operations in Paris and London, the source added

  • The move is part of the "Lazard 2030" strategy to expand the firm's managing director ranks, the person said

  • The hire underscores Lazard's push to recruit senior talent across both core industry sectors and emerging growth areas

  • It hired former Western Midstream Partners WES.N CEO Michael Ure as a senior adviser in its power, energy and infrastructure group earlier this month