12.12.2011 14:30:00

MBA Lazard Hires Cristian Bulnes as Co-Head of Investment Banking in Chile

MBA Lazard announced today that Cristian Bulnes has joined the firm as a Managing Director and Co-Head of Chile Investment Banking, effective immediately. Based in Santiago, Mr. Bulnes will co-lead MBA Lazard’s investment banking business in Chile alongside Andres Sommer.

"Cristian brings a unique blend of experience to MBA Lazard, having held leadership roles in Chile’s financial services industry as well as having advised corporations and financial institutions on a wide range of transactions,” said Gregorio Charnas, Chief Executive Officer of MBA Lazard. "His experience and wealth of industry relationships enhance our already strong business in Chile as we grow with this important market.”

Until recently, Mr. Bulnes was Chief Executive Officer of Banco Penta in Chile. Previously he worked in the Corporate and Investment Banking division of Banco Santander, and was an investment banker with JP Morgan in Santiago and New York. Mr. Bulnes holds an MBA from the MIT Sloan School of Management.

In Chile, MBA Lazard recently advised Empresas La Polar on its debt restructuring activities; Skanska on the sale of its shares in Autopista Central to AIMCo; Riverwood Capital on the acquisition of Synapsis, Endesa Group's IT solutions company in Latin America; and Grupo Stiglich on its sale to Ultramar Group.

About MBA Lazard

MBA Lazard is a leading investment banking, securities and investment management firm that provides a wide range of services to a diversified client base that includes corporations, financial institutions and governments. MBA Lazard has offices in Argentina, Chile, Colombia, Panamá, Perú and Uruguay. For additional information about MBA Lazard, please visit www.mba-lazard.com.

About Lazard

Lazard (NYSE: LAZ), one of the world's preeminent financial advisory and asset management firms, operates from 42 cities across 27 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating back to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments, and individuals. For more information on Lazard, please visit www.lazard.com.

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Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements.” In some cases, you can identify these statements by forward-looking words such as "may”, "might”, "will”, "should”, "expect”, "plan”, "anticipate”, "believe”, "estimate”, "predict”, "potential” or "continue”, and the negative of these terms and other comparable terminology. These forward-looking statements are not historical facts but instead represent only our belief regarding future results, many of which, by their nature, are inherently uncertain and outside of our control. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by these forward-looking statements.

These factors include, but are not limited to, those discussed in our Annual Report on Form 10-K under Item 1A "Risk Factors,” and

also disclosed from time to time in reports on Forms 10-Q and 8-K including the following:

-- A decline in general economic conditions or the global financial markets;

-- Losses caused by financial or other problems experienced by third parties;

-- Losses due to unidentified or unanticipated risks;

-- A lack of liquidity, i.e., ready access to funds, for use in our businesses; and

-- Competitive pressure.

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