Citigroup, Inc (NYSE: C)’s infrastructure-investment banking head, Jonathan Turnbull, has been hired away by Lazard Ltd, an investment bank whose clients have included the government of Greece.
Mr. Turnbull, age 42, will join as managing director of the company’s energy, power and infrastructure group, said the firm in a statement on Wednesday. Turnbull had worked at Citigroup, Inc (NYSE: C) and its predecessor Salomon Brothers since 1990.
Lazard has had a number of notable clients in recent history including the Long Island Power Authority and Papua New Guinea for a $15 billion liquefied natural gas development project, the firm said. The company also advised Transurban Group, the Australian toll-road operator, on its defense against an unsolicited bid from a group which included Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan, Lazard said.
Lazard Limited is a financial advisory and asset management firm. The Company serves a set of clients around the world, including corporations, partnerships, institutions, governments and high-net worth individuals. It operates from 40 cities across 25 countries throughout Europe, North America, Asia, Australia, and Central and South America. The Company focuses primarily on two business segments: Financial Advisory and Asset Management.
