Advisory firm Lazard appointed Matthieu Pigasse, the current global head of M&A, chairman and CEO of France, and global head of Sovereign Advisory, to global head of Banking and deputy CEO of Financial Advisory.

Mark McMaster, currently a vice chairman of Investment Banking and global head of Industrials, will also become the global head of M&A.

In his new role, Pigasse will work with Kenneth M. Jacobs, chairman and CEO of Lazard, and Peter R. Orszag, the incoming CEO of Financial Advisory, to help guide the firm’s advisory activities globally. Pigasse will also lead Lazard’s advisory business across continental Europe, while maintaining his current responsibilities as chairman and CEO of Lazard France and global head of Sovereign Advisory.

“Matthieu Pigasse has been central to our success in France and elsewhere. I’m looking forward to all that Peter and Matthieu will do, with the rest of our superb team, to intensify our advisory work around the world,” said Jacobs.

“Matthieu’s new role will substantially elevate our work in serving clients across continental Europe and beyond, and reinforce Lazard as the world’s preeminent independent advisory firm,” added Orszag.

Mr. McMaster will maintain his role as global head of Industrials, and will also lead Lazard’s Power, Energy, and Infrastructure business.

“Mark McMaster is one of the industry’s most trusted and insightful corporate advisers, and as our Global Head of M&A, he will play a crucial role in expanding and coordinating our M&A work for our clients worldwide,” said Orszag.