Lazard has appointed Klaus H Hessberger as Managing Director, Global Co-Head, and Head of Europe for Lazard’s Financial Sponsors Group, based in London.
Adam Cady, previously Lazard’s Head of Large-Cap Financial Sponsor Coverage North America in New York, has also been named Global Co-Head of the Global Financial
Sponsors Group.
Before joining Lazard, Hessberger held various prominent roles over 25 years with JP Morgan, helping to build and co-running their market-leading European and later Global Financial Sponsors franchise, initially as European and later Global Co-Head.
Hessberger has most recently served as Vice Chair of the Global Financial Sponsors and Strategic Investors Coverage Group at JP Morgan. In these roles, Hessberger covered top-tier global financial sponsor and strategic investor clients, including private equity and infrastructure funds, family offices, sovereign wealth, and pension funds.
In addition to his Financial Sponsor track record, Hessberger brings a broad range of global industry sector and capital markets expertise, having previously co-run JP Morgan’s Equity Capital Markets origination business in EMEA for nine years.
Cady brings nearly three decades of experience in investment banking and capital markets.
Prior to joining Lazard’s New York office in February 2024, Cady held various senior positions at Bank of America, departing as Managing Director and Head of Americas Financial Sponsors Group. He started his career as a leveraged finance professional at Merrill Lynch and NationsBank.
