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Lazard exec off to Goldman
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March 19, 1998: 8:26 a.m. ET
Well-respected banker Kendrick Wilson leaves for Goldman Sachs
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NEW YORK (CNNfn) - Well-respected investment banker Kendrick Wilson is leaving Lazard Freres & Co. to take a post as managing director with the financial institutions group at Goldman, Sachs & Co.
Wilson, who has been with Lazard Freres since 1989, advised on such deals as the sale of Montgomery Securities to Nationsbank Corp. and Banc One Corp.'s buyout of First USA.
Wilson told the New York Times that a position with Goldman Sachs was "a tremendous opportunity."
Goldman Sachs reportedly brought on Wilson to expand the company's presence in the surging financial-services sector.
Wilson was head of investment banking at Lazard until November, when he stepped down from that spot. His defection is yet another ripple in a tumultuous period for the firm. Earlier in 1997, Felix Rohatyn resigned to become the United States' ambassador to France.
Before he joined Lazard, Wilson was president of Ranieri Wilson & Co. and prior to that he was a senior executive vice president at E.F. Hutton & Co.
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