Lazard acquires boutique Verus to expand into Canadian advisory market

By John Tilak

Investment banking and asset management firm Lazard Ltd (LAZ.N) said on Wednesday that it had acquired Verus Partners, a boutique Canadian investment bank, to expand its financial advisory business into Canada.The move comes as independent advisors have been commanding a growing share of the European and U.S. investment banking markets in recent years. Lazard has been seen as a pioneer of that trend. Toronto-based Verus provides M&A and capital markets advisory across all major sectors. Verus Managing Partner Brian Hanson will be chairman and chief executive officer of Lazard’s Canadian investment banking …
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