Lazard announced that Ken Ziman will join the firm as a managing director of restructuring, effective March 1. Based in New York, Ziman was most recently a deputy practice leader of corporate restructuring at Skadden.

At Skadden, where he was a partner since 2010, Ziman primarily represented companies in out-of-court restructurings and in-court proceedings, as well as lenders to and investors in troubled companies. Previously, he was a partner at Simpson Thacher & Bartlett and an associate at O’Melveny and Myers.

“Ken is one of the top restructuring attorneys in the industry, having advised companies in distress, and their stakeholders, for the past 25 years,” said David Kurtz, vice chairman of U.S. Investment Banking and head of Global Restructuring at Lazard. “He will be a strong addition to our global practice, which serves clients with the industry’s most experienced teams of investment bankers and sector specialists.”

“I’ve known and been impressed with many professionals at Lazard for decades. They have a franchise with an ideal and unrivaled global platform to address the complexity of the evolving restructuring business,” said Ziman. “I look forward to joining the preeminent restructuring team in the financial advisory business and applying the skills I’ve honed over 25 years to a new platform.”

Lazard is a financial advisory and asset management firm, operating from 43 cities across 27 countries in North America, Europe, Asia, Australia, Central and South America.