UBS AG (UBSN.VX) said on Wednesday it has hired defense industry banker Michael Ruppert, as part of its continuing effort to beef up the industrial banking group. Ruppert, who will be based in New York, will join UBS in September as a managing director in the global industrial group and report to Karl Knapp. Previously, Ruppert worked at the aerospace and defense group of Lazard Ltd (LAZ.N) before leaving the firm earlier this year. Prior to Lazard, Ruppert spent eight years in mergers & acquisitions at Lehman Brothers focused on the aerospace and defense industry. He began his career in 1995 with Lockheed Martin Corp (LMT.N) before moving to Lehman in 2000.
Lazard Limited (Lazard) is a financial advisory and asset management Company. Shares of LAZ fell by 2.26% or $-0.83/share to $35.87. In the past year, the shares have traded as low as $27.53 and as high as $46.54. On average, 761851 shares of LAZ exchange hands on a given day and today's volume is recorded at 154692.
Lockheed Martin Corporation is a global security company engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. Shares of LMT fell by 1.18% or $-0.96/share to $80.40. In the past year, the shares have traded as low as $67.68 and as high as $82.43. On average, 2244290 shares of LMT exchange hands on a given day and today's volume is recorded at 765372.
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