philadelphia.bizjournals.com/philadelphia/stories/2006/ -
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Published on: 1/11/2006
Last Visited: 1/11/2006
David Lazar
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David Lazar, head of investment banking at Boenning & Scattergood , has left the firm to take a similar position at Ryan Beck & Co.
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Lazar, who left Ryan Beck 13 years ago, will become managing director in the firm's investment-banking division based out of Philadelphia and will be responsible for investment-banking activity in the mid-Atlantic region.He will provide advice to regional banks, smaller public companies and privately held companies on mergers and acquisitions.
"I had conversations with Ryan Beck and I felt they had a [bigger] platform for my capital markets" and mergers-and-acquisitions work, Lazar said.
Lazar said his departure from Boenning & Scattergood of West Conshohocken, Pa., was amicable.He left in September but stayed with the firm on a consultant basis.He was replaced as head of investment banking by Jim Still, who joined the firm 18 months ago after 15 years on the transactional side at Bell Atlantic and another four running his own firm, RDC Advisors.
At Boenning & Scattergood, Lazar directed all facets of that firm's investment-banking activity.He originally left Ryan Beck in 1993 to join Philadelphia-based Berwind Financial Group, where he served as managing director and co-head of investment banking.He sold that part of Berwind's business to Boenning & Scattergood in 2001 and joined Boenning himself.
Lazar had spent 11 years with Ryan Beck, a subsidiary of BankAtlantic Bancorp Inc. (NYSE: BBX) of Fort Lauderdale, Fla., where he served as a senior investment banker focusing on Pennsylvania, Maryland and Delaware community-banking institutions.
"David's move reaffirms our commitment to provide quality investment-banking services to community banks and middle-market companies in the Pennsylvania markets," Ryan Beck Chairman and CEO Ben Plotkin said in a statement.