UPDATE 2-Veteran banker Ken Costa leaving Lazard

* Costa, 62, leaving after three and a half years

* Follows departure of Lazard Intl CEO Naguib Kheraj

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By Victoria Howley

LONDON, March 29 (Reuters) – Veteran banker Ken Costa is
leaving Lazard (LAZ.N: Quote, Profile, Research) after three and a half years with the
firm, a spokesman for the investment bank said, the second
international dealmaker to step down this year.

Costa, a former chairman of European investment banking at
UBS and a high-profile London figure, had been chairman of
Lazard International since October 2007, a small group of elite
bankers focused on global clients and cross-border deals.

Naguib Kheraj, a former JPMorgan Cazenove executive, left
his role as chief executive of Lazard International in February,
after six weeks in the post. [ID:nLDE71G14K]

Costa, 62, could not be reached immediately for comment.
Lazard declined to comment further on his departure.

Lazard International’s remaining team includes Alexis de
Rosnay, who was appointed co-head of UK investment banking
alongside media specialist Nicholas Shott earlier this month.

While at Lazrd, Costa advised Egyptian billionaire Mohamed
Al-Fayed on last year’s 1.5 billion pounds ($2.4 billion) sale
of London’s Harrod’s department store to the Qatari royal
family.

Last year Rosnay advised SSL, the maker of Scholl sandals
and Durex condoms, on its $3.8 billion takeover by Reckitt
Benckiser Group (RB.L: Quote, Profile, Research).

Lazard is the seventh most active adviser on announced M&A
globally so far this year, according to Thomson Reuters data. It
has worked on 34 deals worth $83 billion and accounting for 13.2
percent of the global market.

Bulge bracket rival Bank of America Merrill Lynch is only
slightly ahead with a 13.8 percent market share, having worked
on deals worth $86 billion.
(Reporting by Victoria Howley; Editing by David Holmes and
Mike Nesbit)

UPDATE 2-Veteran banker Ken Costa leaving Lazard