Lazard has acquired the remaining 50% stake in MBA Lazard, its financial advisory arm in Latin America outside Brazil and Mexico.
The combination of offices in Buenos Aires, Santiago, Bogota, Lima and Panama City with Lazard's US, Canada and Brazil operations creates the largest financial advisory platform in the Americas, with a presence in 15 cities across eight countries.
Former MBA Lazard managing partner Matias Eliaschev will now serve as CEO at Lazard Latin America ex Brazil and Mexico investment banking, while MBA Lazard founder and former chairman Alejandro Reynal will serve as a senior adviser to Lazard.
“The 12-year alliance with Lazard has been a great success, and this step is a natural evolution of our relationship. We look forward to working even more closely with Lazard’s senior bankers, and the firm’s unmatched global network of relationships, to serve clients in South and Central America,” Eliaschev said.
MBA, set up as an independent advisory boutique in Buenos Aires in 1981, partnered with Lazard in 2004 to offer cross-border advisory services to Lazard clients investing in Argentina and to MBA clients investing abroad. In 2008, Lazard bought a 50% stake in MBA and renamed the firm as MBA Lazard.