Lazard Expands North American ECM Advisory with Bank of America Veteran
Event summary
- Lazard created a new role for Daniel Burton-Morgan as Head of Equity Capital Markets Advisory, North America, effective September 10, 2026.
- Burton-Morgan joins from Bank of America, where he was Head of Americas ECM Financial Sponsor Origination.
- The hire aims to strengthen Lazard's ECM advisory capabilities in North America, mirroring its established European franchise.
- Burton-Morgan will advise on IPOs, follow-on offerings, secondary offerings, and block trades.
The big picture
Lazard's hire of Daniel Burton-Morgan underscores its push to offer comprehensive capital markets solutions globally. The move comes as investment banks increasingly compete on advisory services beyond traditional M&A, particularly in equity capital markets. With Burton-Morgan's two decades of experience, Lazard aims to strengthen its position against rivals like Bank of America in advising on complex equity transactions.
What we're watching
- Market Share Impact
- How Lazard's expanded ECM capabilities will affect its market share in North American equity capital markets.
- Execution Risk
- Whether Burton-Morgan can replicate his success from Bank of America at Lazard.
- Global Integration
- The pace at which Lazard integrates its North American and European ECM advisory franchises.