NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that Dan Schulman, Board Member, has been appointed Lead Independent Director to succeed Richard D. Parsons, who remains on the Board, and that Peter R. Orszag, Lazard CEO and Board Member, has been appointed Chairman of the Board, effective January 1, 2025. Kenneth M. Jacobs, Executive Chairman and Board Member, will become Se...
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that Peter R. Orszag, Chief Executive Officer, is scheduled to participate in a fireside chat at the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, December 10, 2024, at 9:20 a.m. EST. A live audio webcast will be available via the Lazard Investor Relations website at www.lazard.com. A replay will be a...
NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that Jennifer (Jen) Tedesko joined the firm as a Managing Director within the Private Capital Advisory (PCA) business, based in San Francisco. Jen will focus on originating and advising on private equity secondary opportunities. In addition, the firm will add a Director focused on private equity distribution and...
SEATTLE--(BUSINESS WIRE)--Parametric Portfolio Associates LLC (Parametric), part of Morgan Stanley Investment Management (MSIM), is pleased to announce Lazard Asset Management as a new partner for the Custom Active solution, an innovative tax optimization capability for asset managers. Following the success with previously announced partner Capital Group, Parametric is introducing several new s...
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of October 31, 2024 totaled approximately $235.8 billion. The month's AUM included market depreciation of $4.4 billion, foreign exchange depreciation of $4.2 billion and net outflows of $3.3 billion. LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions) ...
Lazard has been hiring more aggressively than peers, and it's helped them bag a leading quarter. The private capital advisory business is performing well, not so much on transaction volume from PE but from activity in newfound markets like secondary fund-stake deals. Other than that, overall M&A has been strong, they say, particularly in Europe, and restructuring has also been delivering very r...
Lazard, Inc. (NYSE:LAZ ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Alexandra Deignan - Head of IR, Treasury & Corporate Sustainability Peter Orszag - CEO Mary Ann Betsch - CFO Evan Russo - CEO, Asset Management Conference Call Participants Brendan O'Brien - Wolfe Research Brennan Hawken - UBS Ryan Kenny - Morgan Stanley James Yaro - Goldman Sachs Devin Ry...
Investment bank Lazard's profit surged in the third quarter, driven by an industry-wide recovery in dealmaking.
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