Lazard Adds Two Restructuring Heads as Corporate Distress Grows

Lazard Ltd. is adding two new co-heads to its restructuring and capital solutions group as the investment bank grows its team during a time of increased financial turmoil.

The New York-based investment bank has hired Sanjeev Khemlani, who most recently led FTI Consulting Inc.’s senior lender advisory practice, and Reid Snellenbarger, a senior member of Houlihan Lokey ’s restructuring group, according to a statement seen by Bloomberg.

Both will be co-heads of Lazard’s restructuring practice for North America, joining Tyler Cowan and Brandon Aebersold. Representatives for for FTI and Houlihan declined to comment.

Khemlani, based in New York, spent ...