Lazard names Mary Ann Betsch Chief Financial Officer

NEW YORK, July 28, 2022 – Lazard Ltd (NYSE: LAZ) announced today that Mary Ann Betsch will join the firm as Chief Financial Officer (CFO), effective October 3. She succeeds Evan L. Russo, who has served as CFO since 2017, and who became Chief Executive Officer of Lazard’s Asset Management business on June 1, 2022.

“With over two decades of relevant financial services experience, Mary Ann has the financial and
strategic acumen, leadership skills, and knowledge of our business to serve as our firm’s CFO
and to lead our finance team,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of
Lazard. “She will enhance our senior leadership, working closely with me, our business leaders
and Lazard’s board of directors to serve all of our stakeholders.”

Ms. Betsch joins Lazard from Citadel, where she helped lead the finance and accounting function
for the past four years. She began her career over 20 years ago at PwC, where she held audit
and advisory roles, serving global investment banks and other financial institutions. In 2013, she
joined a two-year fellowship program supported by the Federal Reserve Board’s Chief
Accountant, returning to PwC as a partner in 2015. She earned a B.S. in Public Accounting at
Fordham University, summa cum laude, and is a Certified Public Accountant.