God at Work with Ken Costa

Author leaves UBS for Lazard

September 6, 2007

Costa leaves UBS for Lazard
An article in the FT today announced the change of roles for Ken Costa.

‘Lazard, the independent investment bank, on Thursday strengthened its senior ranks by hiring Ken Costa from UBS as chairman of its international arm…

The hiring of Mr Costa comes a year after Lazard created a unified management structure for its European operations in a move designed to end the long-running rivalry between the bank’s London and Paris offices.

Mr Costa joined SG Warburg – now part of UBS – in 1976 and has spent his entire career at the bank. He is well known as a senior adviser with close links to a number of large British companies…

A committed Christian, he also recently wrote a book, God at Work, about reconciling religious belief with global capitalism…’

A friend of the family
Ken Costa likes to quote the Bible’s parable of talents, in which two servants who put their master’s money to work are rewarded, while the one who preserved the capital and took no risk is punished.

The 57-year-old investment banker has lived by the maxim, too, during a 30-year career as a rainmaker. After studying law and theology at Queen’s College, Cambridge, the South African-born banker joined SG Warburg in 1976 under its founder, the late Sir Siegmund Warburg…

More.

Lazard Press Release
In a press release Bruce Wasserstein, Chairman and Chief Executive Officer of Lazard said, ‘Ken Costa embodies the special character of Lazard, I have known him for over 20 years as a banker of unusual talent, integrity and professionalism. With hiring Ken, we reinforce our strategy of servicing clients with the top talent around the world.’

Mr. Costa has been particularly involved in structuring cross-border mergers, acquisitions and divestitures. Mr. Costa also specialises in providing advice to family controlled companies, and has advised a number of Middle Eastern investment companies on acquisitions. He studied law and theology at Queens College, Cambridge.

Banking veteran Costa quits UBS for Lazard
Telegraph article on the move.

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