Lazard fires senior banker for inappropriate behavior -source

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Investment bank Lazard terminated a managing director for inappropriate behavior over the weekend, according to a source familiar with the situation.

sent a memo to staff this weekend informing them that the company had dismissed a managing director in the bank's financial advisory unit, the source said.

Lazard took action after investigating the behavior, which occurred at a personal event at which employees were present, the source said, without naming the banker.Bloomberg News reported earlier on the firing.

 

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