Lazard Loses Two Tech Execs; Portia's Future Uncertain

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Lazard Freres & Co.'s Lazard Freres Asset Management subsidiary has lost two top executives who were closely involved in technology decision-making at the firm; their departures cast doubt as to whether the firm will continue ongoing and extensive evaluations of Thomson Financial Systems Inc.'s Portia.

The two ex-Lazard executives are chief financial officer Kevin Blanchfield, who left his post three weeks ago, and head of systems Lu Ann Gilhooly, who left a short time before that.

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