LAZARD 
By Media contacts: Investor contacts:
Judi Frost Mackey, +1 212 632 1428 Kathryn Harmon, +1 212 632 6637 judi.mackey@lazard.com kathryn.harmon@lazard.com
Richard Creswell, +1 44 207 187 2305 richard.creswell@lazard.com
LAZARD ELECTS RICHARD D. PARSONS TO BOARD OF DIRECTORS
NEW YORK, June 13, 2012 - Lazard Ltd (NYSE: LAZ) today
announced that it has elected Richard D. Parsons to the
firm's Board of Directors, effective immediately.
Mr. Parsons is a member of the Council on Jobs and
Competitiveness for the U.S. Office of the President and is
Senior Advisor to Providence Equity Partners. He is a member
of the Board of Directors of Estée Lauder Companies, where he
is Chair of the Compensation Committee and a member of the
Nominating and Board Affairs Committee. He also is a member
of the Board of Directors of The Madison Square Garden
Company, where he serves on the Audit Committee.
Mr. Parsons was Chairman of the Board of Citigroup from
February 2009 through April 2012, and was a Director of
Citigroup since 1996. Prior to that, he was Chairman of the
Board and Chief Executive Officer of Time Warner. He was
formerly Chairman and Chief Executive Officer of Dime Savings
Bank of New York. He has worked as a practicing attorney in
both private and public practice, including service in the
White House from 1975 to 1977.
Among his numerous community activities, he is Chairman of
the Apollo Theatre Foundation, Chairman of the Jazz
Foundation of America, Chairman of the New York Education
Reform Commission, and a Board member of the New York City
Partnership. He also is a Trustee of the Museum of Modern Art
and the American Museum of Natural History.
Lazard, 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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