Lazard Australia, part of the larger NYC-based Lazard Ltd, welcomed a new senior banker this week after lead bankers Tony O’Sullivan and Garren Cronin resigned. Edwards, who has been with Lazard since October 2013, will be in charge of the Lazard office in Sydney. A former Goldman Sachs manager, Edwards is a capital structure and debt-restructuring specialist.
O’Sullivan and Cronin had worked together for seven years after founding boutique advisory fir O’Sullivan Partners in 2005, which was acquired by Lazard last year.
John Wylie, the chief executive based in Melbourne, said in a statement, “Tony and Garren have made a real contribution to Lazard Australia.” While Garren Cronin will continue as a consultant for Lazard in the coming year, Tony O’Sullivan will head to London.
“We appreciate their contribution and wish them well in their future endeavors,” Wylie added. Edwards will be one of three lead Lazard bankers in Australia, the other two being Wylie and Andrew Leyden. The Lazard Australia senior bankers plan on meeting this Friday, December 6th, to create their strategy for the coming year.
The new leadership for the financial management firm isn’t just in Australia; in August, Lazard assigned George Bilicic to head up the firm’s Chicago office. Reporting directly to Lazard CEO Kenneth Jacobs, Bilicic is charged with revitalizing and strengthening the firm’s presence in the city.
According to Crain’s Chicago Business, Bilicic “plans to expand business by becoming active on the city’s business and civic scene, joining organization boards in the city and having his bankers do the same.”