LONDON, 19 October 2026 - Lazard, Inc. (NYSE: LAZ) today announced the appointment of David Krap as Managing Director and Co-Head of European Consumer, Retail and Leisure.

David has more than two decades of experience advising on mergers and acquisitions (M&A) in the consumer sector, with a particular focus on food and beverage, household and personal care, and selected areas of consumer health. Before joining Lazard, he was at J.P. Morgan, where he served as Managing Director and Co-Head of Consumer and Retail EMEA. He previously held senior positions at Credit Suisse, Centerview Partners and UBS. David holds a degree with honours from the European Business School London and is fluent in German and Spanish.

Based in London, David will join Lazard's European Financial Advisory business, led by Jean-Louis Girodolle and Cyrus Kapadia. His appointment underlines Lazard's continued investment in senior talent as part of its Lazard 2030 strategy, which also envisages growing the number of Managing Directors across the firm's advisory business.

According to Jean-Louis Girodolle, Co-Head of European Investment Banking, David is a highly respected advisor with an exceptional track record in guiding boards and management teams through complex strategic change and landmark transactions; Lazard is very pleased to welcome him (quote rendered in substance).

Cyrus Kapadia, Co-Head of European Investment Banking, said that David is a trusted advisor to many leading companies in the sector and that his deep expertise and long-standing relationships will further strengthen Lazard's market position as it invests in its European platform and expands its offering for clients (quote rendered in substance).

David Krap said he has long admired Lazard's advice-led, partnership-oriented business model and the strength of its presence and connectivity across Europe and North America. He is convinced of the goals of the Lazard 2030 strategy and the growth the firm is pursuing, and looks forward to joining Lazard's talented team and helping to shape and grow its global consumer business (quote rendered in substance).

This text was automatically translated from the German original.