Wall Street’s Bruce Wasserstein Dies; Firm Invested in Penton, Hanley Wood

HIL ANDERSON, SENIOR EDITOR
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New York, NY – Bruce Wasserstein, whose equity firm Wasserstein & Co. holds stakes in Penton Media and Hanley Wood, died October 14 at the age of 61 in New York City, where he had been hospitalized with an irregular heart beat.

Wasserstein was best known as the chairman and CEO of powerhouse Wall Street investment firm Lazard Ltd., but he was also chairman of the smaller firm that carries his name, which made investments in Hanley Wood in 2005 and has a 50% stake in Penton Media.

The board of directors of Lazard has named Steven Golub, vice chairman of Lazard Ltd., as interim Chief Executive Officer, effective immediately. Golub, 63, has been with the firm since 1984, where he has served in various senior leadership positions, including CFO and Chairman of Lazard’s Financial Advisory business.

Funeral arrangements for Wasserstein were pending.

Reach Ellis Jones, CEO of Wasserstein & Co., at (212) 702-5600 or ej@wasserco.com