May 27 - Investment bank Lazard has brought on industry veteran Daniel Burton-Morgan to fill a newly created advisory role, a source familiar with the matter said on Wednesday. The firm described the role as head of equity capital markets advisory in North America, according to the source.
Burton-Morgan arrives from Bank of America, where he led the equity capital markets Americas financial sponsor origination effort. Lazard did not immediately reply to requests for comment, and Bank of America declined to comment, the source said.
Reporting line and strategic intent
Per the source, Burton-Morgan will report to Tim Donahue, who serves as co-head of North America financial advisory and global head of capital solutions. The appointment is positioned within Lazard's broader strategic framework labeled 'Lazard 2030,' a program the source said is aimed at expanding the firm's cadre of managing directors.
The hire is intended to reinforce Lazard's equity capital markets advisory capabilities. The source noted that Lazard operates its ECM advisory franchise from hubs in Paris and London, and that adding a senior North America lead is designed to strengthen that franchise.
Talent acquisition and recent senior additions
The move is part of a wider push by Lazard to recruit senior talent across its traditional industry coverage and in emerging growth areas, the source said. Earlier this month the firm added Michael Ure, former chief executive of Western Midstream Partners, as a senior adviser in its power, energy and infrastructure group.
Those hires reflect Lazard's stated aim under Lazard 2030 to expand leadership depth at the managing director level. According to the source, the new North America ECM advisory role and the appointment of Burton-Morgan are elements of that plan.
What is clear and what remains private
The facts available are limited to the source's account: Burton-Morgan's new title and reporting line, his previous role at Bank of America, Lazard's strategic framing of the hire, and the firm's recent recruitment of Michael Ure. Lazard's and Bank of America's public comments were not provided at the time the source spoke.