Lazard Australia agreed to buy corporate advisory firm O'Sullivan Partners, the
Financial Review reported.
The US-owned investment bank has built it advisory business in Australia on the back of its takeover of Carnegie, Wylie in 2007.
O'Sullivan Partners used to be known as Palladio Partners.
It's most prominent financial services client was Bank of Queensland in the late 2000s when it worked on the "Pathways" project that among other things involved scouting for an Asian bank to buy a strategic stake in BOQ.