International merchant bank and money manager Lazard said it has hired former Fiduciary Trust adviser Sharon Klein to oversee the delivery of trust and estate-planning services to its private clients in the United States.

She reports to Thaddeus Shelly, the chief executive of Lazard's U.S. wealth management business, the company said on Thursday.

Klein, a wealth adviser for nearly two decades, was trust counsel and head of estate advisory at Fiduciary Trust, a subsidiary of the investment manager Franklin Templeton in San Mateo, Calif.

"Sharon is a highly respected wealth management professional, particularly in trust and estate planning," said Shelly, who joined Lazard last spring from Bessemer Trust in New York, where he headed U.S. Middle Atlantic, South and southeastern operations.

Lazard, a Hamilton, Bermuda, company, managed more than $120 billion at Sept. 30.

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