Lazard acquires boutique Verus to expand into Canadian advisory market

By John Tilak
| TORONTO

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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