10:03 AM EDT, 05/16/2024 (MT Newswires) -- (Updates with Lazard's ( LAZ ) response in the fourth paragraph.)

Goldman Sachs ( GS ) has hired two investment bankers, Kerry Burke and Eddie Rubin, as part of its plan to strengthen its advisory business that focuses on advising on deals of up to $2 billion, Reuters reported Wednesday, citing the company.

Burke will join the firm in August from Evercore ( EVR ) , while Rubin joined the bank last month from Lazard ( LAZ ) , the report added, citing Goldman.

"Our people who are doing middle-market deals are excited about the entrepreneurial aspect of the business - they deal with family-owned businesses, founder-run businesses, sponsor portfolio companies and companies that are growing rapidly. This is all highly attractive business for GS," Reuters quoted David Friedland, a partner at Goldman, as saying.

Lazard ( LAZ ) declined MT Newswires' request for comment, while Goldman and Evercore ( EVR ) did not respond.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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