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Lazard 'to lose M&A rainmaker'

Peter Kiernan, the investment banker who advised Kraft Foods on its £12bn hostile takeover of Cadbury, is reportedly to leave Lazard later this year

Peter Kiernan, the investment banker who withdrew his candidacy to lead the UK's Takeover Panel following controversy over a deal on which he was lead adviser, is reportedly to leave Lazard later this year.

Sky News reported the potential departure today http://bit.ly/pBWUJU. Lazard declined to comment.

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