The New House of Lazard

摘要

the past year. The country's debt crisis has hammered the creditwor-thiness of European lenders, which hold large quantities of Greek government bonds. It has also roiled financial markets, hitting the trading operations of big international banks in London and New York and undermining their stock prices, as investors fear a default could be Europe's "Lehman moment."For Lazard, however', the Greek crisis has presented nothing but opportunity. The investment bank has played a key role in helping to restructure the country's massive debts by serving as chief adviser to the Athens government. Matthieu Pigasse, who heads the bank's sovereign advisory business, counseled Finance Minister Evangelos Venizelos on a July agreement that would have banks and investors swap their bond holdings for new securities, with an average haircut of 21 percent.