Robert Frost is the new CEO of Lazard Ltd.'s Middle Market Advisory practice, effective July 2.

Frost will succeed David Solomon as part of a planned succession, during which time they will closely collaborate to ensure a smooth transition. 

“Under David Solomon’s leadership, Lazard’s Middle Market Advisory practice has expanded and evolved to become a vital component of Lazard’s global franchise, with a record year in 2017,” Matt Lustig, head of North American Investment Banking, said. “As the practice becomes increasingly integrated with our global sector teams and service groups, Bob has proven himself to be the right person to lead the business in its next phase of growth.”

Frost was formerly the head of the firm’s Middle Market Industrials Group, where he led the growth and evolution of the business within Lazard’s global franchise. He was also able to maintain client advisory relationships and remained active in the consumer retail sector. 

Apart from his upcoming position as the firm’s new CEO, Frost is slated to serve as Lazard’s co-head of Middle Market Industrials Group. 

Prior to joining Lazard, Frost served at Piper Jaffray & Co. in the mergers and acquisitions practice for nine years. He also worked in public accounting with Deloitte & Touche for seven years. Frost joined Lazard in 2007 as part of the firm’s acquisition of Goldsmith Agio Helms, having originally joined the latter in 1991.