Lazard Hires Barclays Veteran Sheth for European Tech Push

Article content(Bloomberg) — Lazard Inc. is hiring veteran Barclays Plc banker Jessel Sheth to boost its technology advisory team, as more of the firm’s software clients grapple with AI disruption. Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentLondon-based Sheth, 47, will join Lazard in November as a managing director focused on software and adjacent sectors, according to people familiar with the matter.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentA representative for Lazard declined to comment.Article contentSheth spent more than a decade at Barclays, most recently as head of software and hardware banking for Europe, the Middle East and Africa. Before Barclays, Sheth worked at Perella Weinberg Partners and Credit Suisse.Article contentArticle contentOver a 25-year career, Sheth has advised on major European technology transactions, spanning mergers and acquisitions, initial public offerings and private-capital deals. His arrival will strengthen Lazard’s technology franchise at a time when software firms tackle the challenges posed by a myriad of new AI applications.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentThe hire follows the departure of Keiran Wilson, who left Lazard to join Citigroup Inc. as co-head of software investment banking for the UK and EMEA.Article contentSenior HiresArticle contentFor Lazard, recruiting Sheth is the latest example of its strategy to add senior bankers to businesses where it sees opportunities to expand.

Chief Executive Officer Peter Orszag has made upgrading the firm’s top ranks a central part of his Lazard 2030 plan, which calls for doubling firmwide revenue between 2023 and 2030.Article contentThe bank has set a goal of bringing in 10 to 15 net new managing directors each year as part of the strategy, and it has recently added bankers across healthcare, energy, industrials, financial sponsors and financial institutions.Article contentThe arrivals include David Krap as co-head of European consumer, retail and leisure; Niul Wood as a managing director covering chemicals and materials; Daniel Burton-Morgan as head of equity capital markets advisory in North America; and Marco Superina as head of Switzerland.Article contentLazard has also expanded its geographic footprint, adding offices in Denmark and Switzerland and building out its presence in the Middle East with teams in Riyadh and Abu Dhabi.Article contentTrending Why Canada and Belgium are only scratching the surface when it comes to trade Economy How should Katie invest $30,000 she will need in six months?

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Personal Finance Carney says aluminum prices open way to trade deal with Trump Commodities There are signs of hope in Canada's housing market. But is it time to use the 'b-word'?

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