Lazard Inc (N:LAZ)
Business Focus: Investment Management & Fund Operators
May 10, 2024 06:45 am ET
Lazard Reports April 2024 Assets Under Management
Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of April 30, 2024 totaled approximately $240.8 billion. The month’s AUM included market depreciation of $4.4 billion, net outflows of $3.6 billion and foreign exchange depreciation of $1.6 billion.
May 09, 2024 03:00 am ET
Lazard Welcomes Michele Colocci as Vice Chairman, Investment Banking and Managing Director, Healthcare
Lazard, Inc. (NYSE: LAZ) today announced Michele Colocci is joining the firm on 3rd June 2024 as Vice Chairman, Investment Banking and Managing Director, Healthcare. Based in London, Mr. Colocci’s appointment accelerates the growth of Lazard’s best-in-class global healthcare franchise, led by David Gluckman, and further reinforces its leading position in Europe, which is headed by Jean-Louis Girodolle and Cyrus Kapadia.
Apr 25, 2024 06:30 am ET
Lazard Reports First-Quarter 2024 Results
Lazard, Inc. (NYSE: LAZ) today reported net revenue of $765 million and adjusted net revenue1 of $747 million for the quarter ended March 31, 2024. On a U.S. GAAP basis, first-quarter 2024 net income was $36 million or $0.35 per share, diluted. Adjusted net income2 was $67 million, or $0.66 per share, diluted, for the quarter.
Apr 18, 2024 12:00 am ET
Lazard and Elaia Partners Form Strategic Partnership, Including the Launch of Lazard Elaia Capital, a Technology Focused Private Equity Investment Platform
Lazard, a global leader in active asset management, and Elaia Partners, an established European venture capital firm, signed a strategic partnership agreement to create a leading European player focused on investment in technology companies, supporting them at all stages of their development, from seed to their listing on public markets. This follows the announcement on December 2023 of exclusive negotiations between Lazard and Elaia Partners.
Apr 12, 2024 08:00 am ET
Lazard to Announce First Quarter 2024 Financial Results
Lazard, Inc. (NYSE: LAZ) will announce its first quarter 2024 financial results in a press release to be issued Thursday morning, April 25, 2024. The press release will be available in the News & Announcements section of Lazard’s website at www.lazard.com.
Apr 10, 2024 06:45 am ET
Lazard Reports March 2024 Assets Under Management
Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of March 31, 2024 totaled approximately $250.4 billion. The month’s AUM included market appreciation of $5.3 billion, net outflows of $2.5 billion and foreign exchange depreciation of $0.4 billion. Preliminary average AUM for the quarter ended March 31, 2024 was $247.0 billion.
Mar 13, 2024 08:30 am ET
Lazard Announces Results of Cash Tender Offer of Lazard Group LLC
Lazard, Inc. (NYSE: LAZ) announced today the expiration and final results of the previously announced cash tender offer (the “Tender Offer”) of its subsidiary Lazard Group LLC (“Lazard Group”) for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the “Notes”). The Tender Offer expired at 5:00 p.m. (New York City time) on March 12, 2024 (the “Expiration Time”). The terms and conditions of the Tender Offer were described by Lazard Group in an Offer to Purchase and related Letter of Transmittal and Notice of Guaranteed Delivery dated March 6, 2024. Acceptance by Lazard Gro
Mar 12, 2024 04:05 pm ET
Lazard Announces Closing of Senior Notes Offering by Lazard Group LLC
Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) has completed its previously announced offering (the “Offering”) of $400,000,000 aggregate principal amount of 6.000% Senior Notes due 2031 (the “Notes”). The Notes were issued by Lazard Group and were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The Notes are senior unsecured obligations of Lazard Group.
Mar 12, 2024 03:01 pm ET
Lazard Announces Total Consideration for Lazard Group LLC’s Cash Tender Offer for Its 3.750% Senior Notes Due 2025
Lazard, Inc. (NYSE: LAZ) announced today the Total Consideration as set forth in the table below in respect of the previously announced cash tender offer (the “Tender Offer”) of its subsidiary Lazard Group LLC (“Lazard Group”) for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the “Notes”).
Mar 12, 2024 06:45 am ET
Lazard Reports February 2024 Assets Under Management
Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of February 29, 2024 totaled approximately $248.0 billion. The month’s AUM included market appreciation of $7.0 billion, net outflows of $2.0 billion and foreign exchange depreciation of $0.8 billion.
Mar 06, 2024 09:02 am ET
Lazard Announces Cash Tender Offer for 3.750% Senior Notes Due 2025 of Lazard Group LLC
Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) is commencing a cash tender offer (the “Tender Offer”) for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the “Notes”).
Mar 06, 2024 09:01 am ET
Lazard Announces Commencement of Senior Notes Offering and Concurrent Tender Offer by Lazard Group LLC
Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) is commencing an offering (the “Offering”) of one or more series of its senior notes (the “Notes”). The Notes would be issued by Lazard Group and would be offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The Notes would be senior unsecured obligations of Lazard Group.
Feb 12, 2024 06:45 am ET
Lazard Reports January 2024 Assets Under Management
Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of January 31, 2024 totaled approximately $243.8 billion. The month’s AUM included foreign exchange depreciation of $2.3 billion, net outflows $2.1 billion and market appreciation of $1.6 billion.
Feb 01, 2024 06:45 am ET
Lazard Reports Fourth-Quarter and Full-Year 2023 Results
Lazard, Inc. (NYSE: LAZ) today reported net revenue of $806 million and operating revenue1 of $761 million for the quarter ended December 31, 2023. On a U.S. GAAP basis, fourth-quarter 2023 net income was $64 million or $0.65 per share, diluted. Net income, as adjusted2 was $65 million, or $0.66 per share, diluted, for the quarter.
Jan 31, 2024 04:15 pm ET
Lazard Declares Quarterly Dividend of $0.50 Per Share
Lazard, Inc. (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on February 23, 2024, to stockholders of record on February 12, 2024.
Jan 31, 2024 04:30 am ET
Lazard Asset Management Names Tomohiro Kamisaku as CEO of Lazard Japan Asset Management KK
Lazard Asset Management (LAM) announced today that Tomohiro Kamisaku will join the firm as CEO of Lazard Japan Asset Management KK, effective February 1, 2024. Mr. Kamisaku succeeds Yugo Ishida, who has been CEO of Lazard Asset Management’s Japan business since 2014. Mr. Ishida will retire as CEO and become a Senior Advisor at Lazard Asset Management.
Jan 30, 2024 04:15 pm ET
Lazard Appoints Dan Schulman and Stephen R. Howe Jr. to Its Board of Directors
Lazard, Inc. (NYSE: LAZ) today announced former PayPal CEO, Dan Schulman, and former US Chairman and Managing Partner of the Americas for Ernst & Young, Stephen R. Howe Jr., have been appointed to its Board of Directors, effective February 1, 2024.
Jan 18, 2024 06:45 am ET
Lazard to Announce Fourth Quarter and Full-Year 2023 Financial Results
Lazard, Inc. (NYSE: LAZ) will announce its fourth quarter and full-year 2023 financial results in a press release to be issued Thursday morning, February 1, 2024. The press release will be available in the News & Announcements section of Lazard’s website at www.lazard.com.
Jan 11, 2024 06:45 am ET
Lazard Reports December 2023 Assets Under Management
Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of December 31, 2023 totaled approximately $246.7 billion. The month’s AUM included market appreciation of $8.5 billion, foreign exchange appreciation of $2.0 billion and net inflows of $0.2 billion. Preliminary average assets under management for the quarter ended December 31, 2023 were $233.9 billion.
Jan 02, 2024 08:00 am ET
Lazard Ltd Completes Conversion to a U.S. C-Corporation and Is Renamed Lazard, Inc.
Lazard, Inc. (NYSE: LAZ) announced today that it has completed its previously announced conversion from a publicly traded partnership to a U.S. C-Corporation under Delaware Law and changed its name from Lazard Ltd to Lazard, Inc., effective January 1, 2024.
Dec 14, 2023 12:27 pm ET
Lazard and Elaia Partners Enter Into Exclusive Negotiations for a Strategic Partnership to Develop a European Private Technology Investment Platform
Lazard, a global leader in active asset management, and Elaia Partners, an established European venture capital firm, today announced their entry into exclusive negotiations to form a strategic partnership and launch a private investment platform. Based in Paris, the new joint asset management firm, together with Lazard and Elaia Partners, would aim to meet the capital needs of future French and European technology and deep tech leaders. With this new entity, Lazard and Elaia Partners would be in a position to support the companies at all stages of their development, from seed or early stage t
Dec 12, 2023 06:45 am ET
Lazard Reports November 2023 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of November 30, 2023 totaled approximately $235.9 billion. The month’s AUM included market appreciation of $13.7 billion, foreign exchange appreciation of $3.5 billion and net outflows of $1.3 billion.
Dec 04, 2023 08:30 am ET
Sean Gallagher Joins Lazard Asset Management to Lead the Firm’s Small Cap Equity Platform
Lazard Asset Management is pleased to announce that Sean Gallagher has joined the firm as Global Head of Lazard’s Small Cap Equity platform. Based in New York, Mr. Gallagher will have oversight of Lazard’s small cap strategies and will be responsible for leading the business through its next phase of growth. Scott Kolar also joins Lazard’s US Small Cap Equity Select team as a Portfolio Manager/Analyst.
Nov 20, 2023 08:44 am ET
Lazard Chief Executive Officer Peter R. Orszag to Speak at 2023 Goldman Sachs U.S. Financial Services Conference
Lazard Ltd (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 5, 2023, at 8:40 a.m. EST.
Nov 10, 2023 06:45 am ET
Lazard Reports October 2023 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of October 31, 2023 totaled approximately $220.1 billion. The month’s AUM included market depreciation of $5.3 billion, net outflows of $2.4 billion and foreign exchange depreciation of $0.5 billion.
Oct 26, 2023 06:45 am ET
Lazard LTD Reports Third-Quarter and Nine-Month 2023 Results
Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $532 million for the quarter ended September 30, 2023. Net income, as adjusted2, was $10 million, or $0.10 per share, diluted, for the quarter. On a U.S. GAAP basis, third-quarter 2023 net income was $7 million, or $0.06 per share, diluted.
Oct 25, 2023 07:30 am ET
Lazard Declares Quarterly Dividend of $0.50 Per Share
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on November 17, 2023, to stockholders of record on November 6, 2023.
Oct 12, 2023 06:49 am ET
Lazard to Announce Third-Quarter and Nine-Month 2023 Financial Results
Lazard Ltd (NYSE: LAZ) will announce its third-quarter and nine-month 2023 financial results in a press release to be issued Thursday morning, October 26, 2023. The press release will be available on Lazard’s website at: www.lazard.com.
Oct 11, 2023 06:45 am ET
Lazard Reports September 2023 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of September 30, 2023 totaled approximately $228.3 billion. The month’s AUM included market depreciation of $5.9 billion, foreign exchange depreciation of $2.7 billion and net outflows of $0.5 billion. Preliminary average assets under management for the quarter ended September 30, 2023 were $236.3 billion.
Sep 13, 2023 06:45 am ET
Lazard Reports August 2023 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of August 31, 2023 totaled approximately $237.3 billion. The month’s AUM included market depreciation of $4.4 billion, foreign exchange depreciation of $2.3 billion and net outflows of $0.4 billion.
Sep 11, 2023 02:00 am ET
Lazard Appoints Sir Stephen Lovegrove as Senior Advisor
Lazard Ltd (NYSE: LAZ) announced today that Sir Stephen Lovegrove has joined the firm as a Senior Advisor serving clients in the U.K. Financial Advisory and Geopolitical Advisory businesses. He will be based in London.
Aug 10, 2023 06:45 am ET
Lazard Reports July 2023 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of July 31, 2023 totaled approximately $244.4 billion. The month’s AUM included market appreciation of $4.5 billion, foreign exchange appreciation of $1.7 billion and net outflows of $1.1 billion.
Jul 27, 2023 06:45 am ET
Lazard Ltd Reports Second-Quarter and First-Half 2023 Results
Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $620 million for the quarter ended June 30, 2023. Net income, as adjusted2, was $23 million, or $0.24 per share, diluted, for the quarter. On a U.S. GAAP basis, second-quarter 2023 net loss was $124 million, or $1.41 per share, diluted.
Jul 26, 2023 04:15 pm ET
Lazard Declares Quarterly Dividend of $0.50 Per Share
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on August 18, 2023, to stockholders of record on August 7, 2023.
Jul 13, 2023 06:45 am ET
Lazard Reports June 2023 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of June 30, 2023 totaled approximately $239.3 billion. The month’s AUM included market appreciation of $7.7 billion, foreign exchange appreciation of $1.6 billion and net inflows of $0.1 billion. Preliminary average AUM for the quarter ended June 30, 2023 was $235.4 billion.
Jul 12, 2023 06:49 am ET
Lazard to Announce Second-Quarter and First-Half 2023 Financial Results
Lazard Ltd (NYSE: LAZ) will announce its second-quarter and first-half 2023 financial results in a press release to be issued Thursday morning, July 27, 2023. The press release will be available on Lazard’s website at: www.lazard.com.
Jun 12, 2023 06:45 am ET
Lazard Reports May 2023 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of May 31, 2023 totaled approximately $230.0 billion. The month’s AUM included foreign exchange depreciation of $2.9 billion, net outflows of $0.9 billion and market depreciation of $0.8 billion.
Jun 02, 2023 06:49 am ET
Lazard Chief Executive Officer of Financial Advisory Peter R. Orszag to Speak at the Morgan Stanley U.S. Financials, Payments & CRE Conference
Lazard Ltd (NYSE: LAZ) announced today that Peter R. Orszag, Chief Executive Officer of Financial Advisory, is scheduled to participate in a moderated question and answer session at the Morgan Stanley U.S. Financials, Payments & CRE Conference on Wednesday, June 14, at 8:45 a.m. ET.
May 26, 2023 06:40 am ET
Lazard Appoints Peter R. Orszag as CEO and Kenneth M. Jacobs as Executive Chairman
Lazard Ltd (NYSE: LAZ) today announced that Peter R. Orszag, currently CEO of Financial Advisory at Lazard, has been unanimously elected by its Board to serve as CEO of Lazard and as a Board Director. Kenneth M. Jacobs, Chairman and CEO of Lazard, will serve as Executive Chairman of the Board and will continue to advise clients on strategic financial matters. These changes will take effect October 1, 2023.
May 11, 2023 06:45 am ET
Lazard Reports April 2023 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of April 30, 2023 totaled approximately $234.6 billion. The month’s AUM included market appreciation of $2.0 billion, foreign exchange appreciation of $0.6 billion, and net outflows of $0.1 billion.
Apr 28, 2023 06:45 am ET
Lazard Ltd Reports First-Quarter 2023 Results
Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $527 million for the quarter ended March 31, 2023. Net loss, as adjusted2, was $23 million, or $0.26 per share, diluted, for the quarter. First-quarter 2023 net loss on a U.S. GAAP basis was $22 million, or $0.27 per share, diluted.
Apr 26, 2023 04:45 pm ET
Lazard Declares Quarterly Dividend of $0.50 Per Share
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on May 19, 2023, to stockholders of record on May 8, 2023.
Apr 13, 2023 06:45 am ET
Lazard Reports March 2023 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of March 31, 2023 totaled approximately $232.1 billion. The month’s AUM included market appreciation of $2.8 billion, net inflows of $2.8 billion, which includes approximately $3.9 billion from the acquisition of Truvvo Partners, and foreign exchange appreciation of $2.3 billion. Preliminary average AUM for the quarter ended March 31, 2023 was $226.8 billion.
Apr 12, 2023 06:49 am ET
Lazard to Announce First-Quarter 2023 Financial Results
Lazard Ltd (NYSE: LAZ) will announce its first-quarter 2023 financial results in a press release to be issued Friday morning, April 28, 2023. The press release will be available on Lazard’s website at: www.lazard.com.
Mar 10, 2023 06:45 am ET
Lazard Reports February 2023 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of February 28, 2023 totaled approximately $224.2 billion. The month’s AUM included market depreciation of $2.8 billion, foreign exchange depreciation of $2.9 billion and net outflows of $0.8 billion.
Mar 08, 2023 02:00 pm ET
Raymond J. McGuire Joins Lazard as President
Lazard Ltd (NYSE: LAZ) today announced that Raymond J. McGuire has joined the firm as President, effective April 3, 2023. Based in New York, Mr. McGuire will serve as a member of the firm’s senior leadership team and will be responsible for further strengthening senior client relationships, attracting talent and expanding Lazard’s reach across the world.
Mar 01, 2023 12:00 pm ET
Lazard Asset Management Acquires Truvvo Partners, Creating Lazard Family Office Partners
Lazard Asset Management (LAM) today announced that it has acquired Truvvo Partners (“Truvvo”), a U.S.-based firm with $3.8 billion of Assets Under Management (AUM), dedicated to providing strategic advice, wealth planning, and investment management to families.
Feb 10, 2023 06:45 am ET
Lazard Reports January 2023 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of January 31, 2023 totaled approximately $230.6 billion. The month’s AUM included market appreciation of $11.6 billion, foreign exchange appreciation of $2.0 billion, net inflows of $1.1 billion and other decreases of $0.1 billion.
Feb 02, 2023 06:49 am ET
Lazard Ltd Reports Full-Year and Fourth-Quarter 2022 Results
Lazard Ltd (NYSE: LAZ)
Feb 01, 2023 04:15 pm ET
Lazard Declares Quarterly Dividend of $0.50 Per Share
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on February 24, 2023, to stockholders of record on February 13, 2023.
Jan 23, 2023 01:30 am ET
Wassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment Banking
Lazard Ltd (NYSE: LAZ) today announced the appointment of Wassim Al-Khatib as Chief Executive Officer (CEO) of the firm’s Financial Advisory business in the Middle East and North Africa (MENA), and CEO of Lazard Saudi Arabia, subject to regulatory approval. Wassim Al-Khatib will be based in the Riyadh office, which will serve as Lazard’s regional MENA Investment Banking hub.
Jan 18, 2023 06:49 am ET
Lazard to Announce Fourth-Quarter and Full-Year 2022 Results
Lazard Ltd (NYSE: LAZ) will announce its fourth-quarter and full-year 2022 financial results in a press release to be issued Thursday morning, February 2, 2023. The press release will be available on Lazard’s website at: www.lazard.com.
Jan 12, 2023 06:45 am ET
Lazard Reports December 2022 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of December 31, 2022 totaled approximately $216.1 billion. The month’s AUM included market depreciation of $5.7 billion, foreign exchange appreciation of $2.9 billion and net outflows of $2.1 billion. Preliminary average assets under management for the quarter ended December 31, 2022 were $211.2 billion.
Dec 19, 2022 03:00 am ET
Lazard Sustainable Private Infrastructure Team Completes Inaugural Investment in DBE Energy
Lazard Asset Management (LAM) today announced that the Lazard Sustainable Private Infrastructure team completed its inaugural investment in DBE Energy, owner, and operator of an anaerobic digestion (AD) plant in Surrey, England.
Dec 12, 2022 06:45 am ET
Lazard Reports November 2022 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of November 30, 2022 totaled approximately $221.0 billion. The month’s AUM included market appreciation of $12.1 billion, foreign exchange appreciation of $4.3 billion and net inflows of $0.1 billion.
Dec 06, 2022 06:49 am ET
Lazard Names Ronald Temple as Chief Market Strategist
Lazard Ltd (NYSE: LAZ) today announced that Ronald Temple has been named Chief Market Strategist, effective immediately. In this newly created role, Mr. Temple will serve as a market strategist and thought leader to Lazard’s Asset Management and Financial Advisory businesses and will work closely with the firm’s new Geopolitical Advisory group. He will continue to provide macroeconomic and market perspectives to Asset Management’s global client base and to its investment teams on a firmwide basis.
Nov 22, 2022 06:49 am ET
Lazard Chairman and Chief Executive Officer Kenneth M. Jacobs to Speak at the Goldman Sachs 2022 US Financial Services Conference
Lazard Ltd (NYSE: LAZ) announced today that Kenneth M. Jacobs, Chairman and Chief Executive Officer, is scheduled to participate in a moderated question and answer session at the Goldman Sachs 2022 US Financial Services Conference on Wednesday, December 7, 2022, at 8:00 a.m. EST.
Nov 11, 2022 06:49 am ET
Edward Rubin Joins Lazard as a Managing Director in Telecommunications, Media & Entertainment Group, Financial Advisory
Lazard Ltd (NYSE: LAZ) announced today that Edward Rubin has joined the firm as a Managing Director in the Telecommunications, Media & Entertainment Group within Financial Advisory. Based in New York, Mr. Rubin will advise companies in the communications infrastructure and network services sectors.
Nov 10, 2022 06:45 am ET
Lazard Reports October 2022 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of October 31, 2022 totaled approximately $204.6 billion. The month’s AUM included market appreciation of $8.0 billion, net outflows of $1.8 billion, and foreign exchange appreciation of $0.6 billion.
Oct 27, 2022 06:45 am ET
Lazard Ltd Reports Third-Quarter and Nine-Month 2022 Results
Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $724 million for the quarter ended September 30, 2022. Net income, as adjusted2, was $106 million, or $1.05 per share (diluted) for the quarter. On a U.S. GAAP basis, third-quarter 2022 net income was $106 million, or $1.06 per share (diluted).
Oct 26, 2022 04:15 pm ET
Lazard Declares Quarterly Dividend of $0.50 Per Share
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on November 18, 2022, to stockholders of record on November 7, 2022.
Oct 18, 2022 06:00 am ET
Lazard Secures New U.K. Headquarters in Manchester Square
Lazard Ltd (NYSE: LAZ) announced today that the firm has secured a new U.K. headquarters at 20 Manchester Square, London. The seven-storey building will house both the Financial Advisory and Asset Management businesses.
Oct 13, 2022 06:49 am ET
Lazard to Announce Third-Quarter and Nine-Month 2022 Results
Lazard Ltd (NYSE: LAZ) will announce its third-quarter and nine-month 2022 results in a press release to be issued Thursday morning, October 27, 2022. The press release will be available on Lazard’s website at: www.lazard.com.
Oct 13, 2022 06:30 am ET
Jami Miscik Joins Lazard as a Senior Advisor, Geopolitical Advisory
Lazard Ltd (NYSE: LAZ) announced today that Jami Miscik has joined the firm as a Senior Advisor, effective immediately. Based in Los Angeles, Ms. Miscik joins Lazard Senior Advisors General John Abizaid and
Oct 12, 2022 06:45 am ET
Lazard Reports September 2022 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of September 30, 2022 totaled approximately $197.8 billion. The month’s AUM included market depreciation of $14.8 billion, foreign exchange depreciation of $3.4 billion, and net outflows of $1.0 billion. Preliminary average assets under management for the quarter ended September 30, 2022 were $212.3 billion.
Sep 18, 2022 05:30 am ET
Lazard Hires Sarah Al-Suhaimi to Chair Lazard’s Middle East and North Africa Investment Banking Business
Lazard Ltd (NYSE: LAZ) announced today that the firm has hired Sarah Al-Suhaimi as Chair of Lazard’s Financial Advisory business in the Middle East and North Africa (MENA), and that she will be appointed Chair of Lazard Saudi Arabia subject to regulatory approval. Her appointment demonstrates Lazard’s growing commitment to serving investment banking clients in the region through its Riyadh office, where the firm has been licensed to provide financial advisory services since 2010.
Sep 13, 2022 06:45 am ET
Lazard Reports August 2022 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of August 31, 2022 totaled approximately $217.0 billion. The month’s AUM included market depreciation of $5.2 billion, foreign exchange depreciation of $2.2 billion, and net outflows of $0.7 billion.
Sep 06, 2022 06:49 am ET
Timothy Donahue Joins Lazard as a Managing Director and Vice Chairman of U.S. Investment Banking
Lazard Ltd (NYSE: LAZ) announced today that Timothy Donahue has joined the firm as a Managing Director and Vice Chairman of U.S. Investment Banking, effective immediately.
Aug 10, 2022 06:45 am ET
Lazard Reports July 2022 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of July 31, 2022 totaled approximately $225.1 billion. The month’s AUM included market appreciation of $9.8 billion, foreign exchange depreciation of $1.0 billion, and net outflows of $0.3 billion.
Jul 28, 2022 06:50 am ET
Lazard Names Mary Ann Betsch Chief Financial Officer
Lazard Ltd (NYSE: LAZ) announced today that Mary Ann Betsch will join the firm as Chief Financial Officer (CFO), effective October 3. She succeeds Evan L. Russo, who has served as CFO since 2017, and who became Chief Executive Officer of Lazard’s Asset Management business on June 1, 2022.
Jul 28, 2022 06:45 am ET
Lazard Ltd Reports Second-Quarter and First-Half 2022 Results
Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $676 million for the quarter ended June 30, 2022. Net income, as adjusted2, was $96 million, or $0.92 per share (diluted) for the quarter. On a U.S. GAAP basis, second-quarter 2022 net income was $95 million, or $0.92 per share (diluted).
Jul 27, 2022 04:24 pm ET
Lazard Increases Quarterly Dividend to $0.50 Per Share
About Lazard
Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 41 cities across 26 countries in North, Central and South America, Europe, Asia and Australia. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit
Jul 26, 2022 06:49 am ET
John Goldasich Joins Lazard as a Managing Director in Consumer and Retail Group, Financial Advisory
Lazard Ltd (NYSE: LAZ) announced today that John Goldasich has joined the firm as a Managing Director in the Consumer and Retail Group within Financial Advisory, effective immediately. Based in Charlotte, North Carolina, Mr. Goldasich specializes in the restaurant and food service sector, as well as consumer services, multi-unit retail and franchise businesses.
Jul 20, 2022 06:49 am ET
Prasad Parmeshwaran Joins Lazard as a Managing Director in Healthcare Group, Financial Advisory
Lazard Ltd (NYSE: LAZ) announced today that Prasad Parmeshwaran has joined the firm as a Managing Director in the Healthcare Group within Financial Advisory, effective immediately. Based in San Francisco, Mr. Parmeshwaran primarily advises clients on financial matters in the biotechnology and diagnostics sectors.
Jul 14, 2022 06:49 am ET
Lazard to Announce Second-Quarter and First-Half 2022 Results
Lazard Ltd (NYSE: LAZ) will announce its second quarter and first-half 2022 results in a press release to be issued Thursday morning, July 28, 2022. The press release will be available on Lazard’s website at: www.lazard.com.
Jul 13, 2022 06:45 am ET
Lazard Reports June 2022 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of June 30, 2022 totaled approximately $216.6 billion. The month’s AUM included market depreciation of $13.1 billion, foreign exchange depreciation of $3.7 billion, and net outflows of $2.5 billion. Preliminary average assets under management for the quarter ended June 30, 2022 were $225.7 billion.
Jul 11, 2022 06:49 am ET
Ajay Dhankhar Joins Lazard as a Managing Director in Healthcare Group, Financial Advisory
Lazard Ltd (NYSE: LAZ) announced today that Ajay Dhankhar has joined the firm as a Managing Director in the Healthcare Group within Financial Advisory, effective immediately. Based in New York, Mr. Dhankhar will serve as Global Head of Medical Technology, Diagnostics and Tools. He will also advise clients in other healthcare segments, including biopharmaceuticals, and healthcare information and technology.
Jul 07, 2022 11:00 am ET
Bryce Dakin Joins Lazard as a Managing Director in Technology Group, Financial Advisory
Lazard Ltd (NYSE: LAZ) announced today that Bryce Dakin has joined the firm as a Managing Director in the Technology Group within Financial Advisory, effective immediately. Based in San Francisco, Mr. Dakin specializes in advising clients on financial matters in the semiconductor, electronics and system supply chain, as well as applied technologies sectors.
Jun 29, 2022 06:49 am ET
Slava Brin Joins Lazard as a Managing Director in Telecom, Media & Entertainment Group, Financial Advisory
Lazard Ltd (NYSE: LAZ) announced today that Slava Brin has joined the firm as a Managing Director in the Telecom, Media & Entertainment Group (TME) within Financial Advisory, effective immediately. Based in New York, Mr. Brin specializes in communications and internet infrastructure, advising clients on M&A, debt, and principal investing.
Jun 10, 2022 06:45 am ET
Lazard Reports May 2022 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of May 31, 2022 totaled approximately $236.0 billion. The month’s AUM included foreign exchange appreciation of $1.4 billion, market depreciation of $1.1 billion, and net outflows of $1.0 billion.
Jun 01, 2022 04:30 pm ET
Lazard Chairman and Chief Executive Officer Kenneth M. Jacobs to Speak at the Morgan Stanley U.S. Financials, Payments & CRE Conference
Lazard Ltd (NYSE: LAZ) announced today that Kenneth M. Jacobs, Chairman and Chief Executive Officer, is scheduled to participate in a moderated question and answer session at the Morgan Stanley U.S. Financials, Payments & CRE Conference on Tuesday, June 14, at 8:00 a.m. EDT.
May 11, 2022 06:45 am ET
Lazard Reports April 2022 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of April 30, 2022 totaled approximately $236.6 billion. The month’s AUM included market depreciation of $9.0 billion, foreign exchange depreciation of $5.9 billion and net outflows of $1.2 billion.
Apr 28, 2022 06:49 am ET
Lazard Ltd Reports First-quarter 2022 Results
Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $699 million for the quarter ended March 31, 2022. Net income, as adjusted2, was $115 million, or $1.05 per share (diluted) for the quarter.
Apr 27, 2022 04:10 pm ET
Lazard Declares Quarterly Dividend of $0.47 Per Share
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.47 per share on its outstanding common stock. The dividend is payable on May 20, 2022, to stockholders of record on May 9, 2022.
Apr 13, 2022 06:49 am ET
Lazard to Announce First-Quarter 2022 Results
Lazard Ltd (NYSE: LAZ) will announce its first-quarter 2022 results in a press release to be issued Thursday morning, April 28, 2022. The press release will be available on Lazard’s website at: www.lazard.com.
Apr 12, 2022 06:45 am ET
Lazard Reports March 2022 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of March 31, 2022 totaled approximately $252.7 billion. The month’s AUM included market appreciation of $2.4 billion, foreign exchange depreciation of $1.0 billion and net outflows of $0.3 billion. Preliminary average assets under management for the quarter ended March 31, 2022 were $256.4 billion.
Apr 06, 2022 08:05 am ET
Lazard Names Evan L. Russo Chief Executive Officer of Asset Management, Succeeding Ashish Bhutani, Who Will Retire After Nearly Two Decades Leading the Business
Lazard Ltd (NYSE: LAZ) announced today that Evan L. Russo, Chief Financial Officer (CFO) of Lazard, will succeed Ashish Bhutani as Chief Executive Officer (CEO) of Lazard’s Asset Management business. Mr. Bhutani has decided to retire as CEO of Lazard’s Asset Management business and from the Board of Directors of both Lazard Ltd and Lazard Group as of June 1, 2022, to pursue philanthropic and personal interests. Mr. Bhutani will continue serving as Chairman of Asset Management and as a Vice Chairman of Lazard through the end of the year. Mr. Russo will continue serving as Lazard’s CFO and work
Mar 10, 2022 06:45 am ET
Lazard Reports February 2022 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of February 28, 2022 totaled approximately $251.6 billion. The month’s AUM included market depreciation of $5.3 billion, net outflows of $2.1 billion and foreign exchange appreciation of $0.3 billion.
Feb 23, 2022 06:49 am ET
Emilio Mahuad Joins Lazard as CEO, Financial Advisory, Mexico
Lazard Ltd (NYSE: LAZ) announced today that Emilio Mahuad has joined the firm as Chief Executive Officer of Lazard’s Mexico Financial Advisory business, effective immediately. He is based in Mexico City.
Feb 10, 2022 06:45 am ET
Lazard Reports January 2022 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of January 31, 2022 totaled approximately $258.7 billion. The month’s AUM included market depreciation of $9.5 billion, net outflows of $4.1 billion and foreign exchange depreciation of $1.5 billion.
Feb 03, 2022 06:49 am ET
Lazard Ltd Reports Full-year and Fourth-quarter 2021 Results
Lazard Ltd (NYSE: LAZ) today reported record annual operating revenue1 of $3,139 million for the year ended December 31, 2021. Net income, as adjusted2, was a record $576 million, or $5.04 per share (diluted) for the year. On a U.S. GAAP basis, net income for the year was $528 million, or $4.63 per share (diluted).
Feb 02, 2022 04:15 pm ET
Lazard Declares Quarterly Dividend of $0.47 Per Share
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.47 per share on its outstanding common stock. The dividend is payable on February 25, 2022, to stockholders of record on February 14, 2022.
Feb 01, 2022 06:49 am ET
John P. Abizaid Joins Lazard
Lazard Ltd (NYSE: LAZ) announced today that John P. Abizaid has joined the firm, effective immediately. General Abizaid, former commander of U.S. Central Command, will be a Senior Advisor in the firm’s Financial Advisory business, focused primarily on the Middle East and Europe.
Jan 19, 2022 06:49 am ET
Lazard to Announce Full-year and Fourth-quarter 2021 Results
Lazard Ltd (NYSE: LAZ) will announce its full-year and fourth-quarter 2021 results in a press release to be issued Thursday morning, February 3, 2022. The press release will be available on Lazard’s website at: www.lazard.com.
Jan 12, 2022 06:45 am ET
Lazard Reports December 2021 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of December 31, 2021 totaled approximately $273.7 billion. The month’s AUM included market appreciation of $8.5 billion, net outflows of $3.0 billion and foreign exchange appreciation of $0.9 billion. Preliminary average assets under management for the quarter ended December 31, 2021 were $273.5 billion.
Dec 10, 2021 06:45 am ET
Lazard Reports November 2021 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of November 30, 2021 totaled approximately $267.4 billion. The month’s AUM included market depreciation of $5.8 billion, foreign exchange depreciation of $3.4 billion and net outflows of $3.1 billion.
Dec 01, 2021 08:00 am ET
Lazard Launches Climate Center to Analyze Financial Impact of Climate Change on Companies and Markets
Lazard Ltd (NYSE: LAZ) today announced the formation of the Lazard Climate Center to provide rigorous, data-driven insights on the financial effects of climate change and the energy transition on companies and markets. The initiative seeks to fill a crucial gap in climate research, which until now has tended to focus on national or sector-level trends as opposed to the impact on specific companies. Formally launching today at the first Lazard Climate Conference, the Climate Center will release its inaugural findings on the relationship between greenhouse gas emissions and corporate valuations
Dec 01, 2021 06:49 am ET
Koen Popleu and Monika Kumar Join Lazard Asset Management
Lazard Asset Management (LAM) today announced an expansion of its sustainable investment capabilities with the appointment of Koen Popleu and Monika Kumar as portfolio managers, effective immediately.
Nov 29, 2021 04:15 pm ET
Lazard Chairman and Chief Executive Officer Kenneth M. Jacobs to Speak at the Goldman Sachs 2021 US Financial Services Conference
Lazard Ltd (NYSE: LAZ) announced today that Kenneth M. Jacobs, Chairman and Chief Executive Officer, is scheduled to participate in a moderated question and answer session at the Goldman Sachs US Financial Services Conference, Wednesday, December 8, at 9:20 a.m. EST.
Nov 22, 2021 08:00 am ET
Lazard Forms Strategic Alliance With Anne Clarke Wolff and Independence Point Advisors
Lazard Ltd (NYSE: LAZ) and newly launched Independence Point Advisors (IPA) announced today that they have formed a strategic alliance, effective immediately, to provide a suite of bespoke C-suite and board-level services beyond traditional investment banking.
Nov 10, 2021 06:45 am ET
Lazard Reports October 2021 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of October 31, 2021 totaled approximately $279.7 billion. The month’s AUM included market appreciation of $7.2 billion, net outflows of $0.6 billion and foreign exchange appreciation of $0.5 billion.
Nov 09, 2021 06:49 am ET
Amanda Dupuy Ugarte Joins Lazard as a Managing Director, Private Capital Advisory Group
Lazard Ltd (NYSE: LAZ) announced today that Amanda Dupuy Ugarte has joined Lazard’s Financial Advisory business as a Managing Director in the Private Capital Advisory Group, effective immediately. She is based in New York.
Nov 04, 2021 06:49 am ET
Lazard Asset Management Launches US Systematic Small Cap Equity Portfolio
Lazard Asset Management LLC (“LAM”) today announced the launch of the Lazard US Systematic Small Cap Equity Portfolio (Institutional: LUSIX; Open: LUSOX) (the “Fund”), a US mutual fund managed by the Lazard US Systematic Equity team.
Oct 29, 2021 06:49 am ET
Lazard Ltd Reports Third-Quarter and Nine-Month 2021 Results
Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $702 million for the quarter ended September 30, 2021. Net income, as adjusted2, was $111 million, or $0.98 per share (diluted) for the quarter. On a U.S. GAAP basis, third-quarter 2021 net income was $107 million, or $0.94 per share (diluted).
Oct 28, 2021 04:30 pm ET
Oct 28, 2021 08:00 am ET
Lazard Releases Annual Levelized Cost of Energy, Storage and Hydrogen Analyses
Lazard Ltd (NYSE: LAZ) has released its annual in-depth studies comparing the costs of energy from various generation technologies, energy storage technologies for different applications and hydrogen production.
Oct 26, 2021 11:03 am ET
Luba Kotzeva de Diaz Joins Lazard as a Managing Director, European Energy and Renewables Advisory
Lazard Ltd (NYSE: LAZ) announced today that Luba Kotzeva de Diaz will join the firm on 01 November 2021, as a Managing Director, Investment Banking, based in London.
Oct 14, 2021 04:30 pm ET
Lazard to Announce Third-Quarter and Nine-Month 2021 Results
Lazard Ltd (NYSE: LAZ) will announce its third-quarter and nine-month 2021 results in a press release to be issued Friday morning, October 29, 2021. The press release will be available on Lazard’s website at: www.lazard.com.
Oct 13, 2021 06:49 am ET
Spyros Svoronos Joins Lazard as a Managing Director, Global Head of Chemicals, Financial Advisory
Lazard Ltd (NYSE: LAZ) announced today that Spyros Svoronos has joined Lazard’s Financial Advisory business as a Managing Director and Global Head of Chemicals, effective immediately. Based in New York, Mr. Svoronos joins from Credit Suisse, where he served as Head of the Global Industrials Group, Americas and Global Head of Chemicals. Richard Whitney, who has served as Lazard’s Global Head of Chemicals for ten years, will become a Vice Chairman of Investment Banking.
Oct 12, 2021 08:00 am ET
William M. Lewis, Jr. to Join Lazard Board of Directors
Lazard Ltd (NYSE: LAZ) announced today that William M. (“Bill”) Lewis, Jr. will join its Board of Directors, effective April 29, 2022, and that he has decided to retire from the firm, effective November 12. Mr. Lewis has been with Lazard as a Managing Director for 17 years, and most recently was Chairman of Investment Banking. As of November 15, he plans to join Apollo Global Management as a Senior Partner and member of its Management Committee.
Oct 12, 2021 06:45 am ET
Lazard Reports September 2021 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of September 30, 2021, totaled approximately $272.6 billion. The month’s AUM included market depreciation of $6.3 billion, foreign exchange depreciation of $2.6 billion and net outflows of $1.3 billion. Preliminary average assets under management for the quarter ended September 30, 2021, were $277.9 billion.
Oct 07, 2021 04:30 pm ET
Andrew Sweet Joins Lazard’s Financial Advisory Industrials Group
Lazard Ltd (NYSE: LAZ) announced today that Andrew Sweet has joined Lazard’s Financial Advisory business in its Charlotte, North Carolina office as a Managing Director and member of the Industrials Group, leading the Industrial and Specialty Distribution practice.
Oct 05, 2021 06:49 am ET
Medha Chadha and Jason Schoenholtz Join Lazard as Managing Directors, Healthcare Advisory Group
Lazard Ltd (NYSE: LAZ) announced today that Medha Chadha and Jason Schoenholtz have joined the firm as Managing Directors in Financial Advisory. Based in New York, they will serve clients of the global healthcare group. Ms. Chadha will lead an expansion of the group’s capital markets advisory capabilities, and Mr. Schoenholtz will be a senior member of the team focusing on healthcare services companies.
Sep 27, 2021 06:49 am ET
Lazard Releases 2021 Global Healthcare Leaders Study
Lazard Ltd (NYSE: LAZ) today released its fourth annual in-depth study of strategic challenges and opportunities in the global healthcare industry, surveying 200 C-level executives and investors across three global sectors: Biopharmaceuticals; Medical Devices and Diagnostics; and Healthcare Services. As the COVID-19 pandemic continues to evolve, this year’s study focuses on the healthcare leaders’ pandemic-related challenges and expectations, as well as the strategic priorities for their businesses.
Sep 13, 2021 06:45 am ET
Lazard Reports August 2021 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of August 31, 2021 totaled approximately $282.8 billion. The month’s AUM included market appreciation of $5.0 billion, foreign exchange depreciation of $0.5 billion and net outflows of $17 million.
Aug 27, 2021 06:49 am ET
Simon Auerbach Joins Lazard as a Managing Director and Co-Head of Information Services in the Telecom, Media & Entertainment Group
Lazard Ltd (NYSE: LAZ) announced today that Simon Auerbach has joined the firm as a Managing Director and Co-Head of Information Services in Financial Advisory’s Telecom, Media and Entertainment (TME) group, effective immediately. He will co-head the effort with Richard Hoyle, and is based in New York.
Aug 12, 2021 10:00 pm ET
Patrick No Joins as a Managing Director, Lazard Private Capital Advisory Group
Lazard Ltd (NYSE:LAZ) announced today that Patrick No has joined the firm as a Managing Director, in the Private Capital Advisory Group, effective immediately. Based in Singapore, Patrick will cover fundraising and secondary solutions across the Asia Pacific region.
Aug 11, 2021 06:45 am ET
Lazard Reports July 2021 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of July 31, 2021 totaled approximately $278.4 billion. The month’s AUM included market appreciation of $2.2 billion, net outflows of $1.1 billion and foreign exchange depreciation of $0.2 billion.
Jul 30, 2021 06:49 am ET
Lazard Ltd Reports Second-Quarter and First-Half 2021 Results
Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $821 million for the quarter ended June 30, 2021. Net income, as adjusted2, was $146 million, or $1.28 per share (diluted) for the quarter. On a U.S. GAAP basis, second-quarter 2021 net income was $123 million, or $1.08 per share (diluted).
Jul 29, 2021 04:15 pm ET
Jul 26, 2021 06:49 am ET
Robert Wall to Join Lazard Asset Management as Head of Sustainable Private Infrastructure
Lazard Asset Management (LAM) today announced an expansion of its global alternatives investment platform with the hiring of Robert Wall. Mr. Wall will join the firm in October as Managing Director and Head of Sustainable Private Infrastructure and will be based in London.
Jul 19, 2021 06:49 am ET
Joanne Choi Joins Lazard Asset Management as Chief Marketing Officer
Lazard Asset Management (LAM) announced today that Joanne Choi has joined the firm as a Managing Director and Chief Marketing Officer, effective immediately. Based in New York, Ms. Choi joins from Goldman Sachs Asset Management, where she was Head of Global Marketing.
Jul 14, 2021 06:49 am ET
Lazard to Announce Second-Quarter and First-Half 2021 Results
Lazard Ltd (NYSE: LAZ) will announce its second-quarter and first-half 2021 results in a press release to be issued Friday morning, July 30, 2021.
Jul 13, 2021 06:45 am ET
Lazard Reports June 2021 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of June 30, 2021 totaled approximately $277.4 billion. The month’s AUM included market appreciation of $1.9 billion, net inflows of $0.3 billion and foreign exchange depreciation of $3.4 billion. Preliminary average assets under management for the quarter ended June 30, 2021 were $275.9 billion.
Jun 10, 2021 06:45 am ET
Lazard Reports May 2021 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of May 31, 2021 totaled approximately $278.6 billion. The month’s AUM included market appreciation of $3.4 billion, foreign exchange appreciation of $1.9 billion and net outflows of $1.1 billion.
May 24, 2021 12:36 pm ET
Lazard and New Visions for Public Schools Launch Lazard New Visions Academy
Lazard Ltd (NYSE: LAZ) and New Visions for Public Schools announced today the launch of the Lazard New Visions Academy, a signature initiative funded by the Lazard Foundation that provides New York City public high school students access to post-secondary readiness opportunities and social capital through a five-week summer institute and ongoing career development support.
May 21, 2021 12:00 pm ET
William H. McRaven Joins Lazard
Lazard Ltd (NYSE: LAZ) announced today that William H. McRaven has joined the firm, effective immediately. McRaven, a retired US Navy four-star admiral and former head of the US Special Operations Command, will be a Senior Advisor in the firm’s Financial Advisory business.
May 12, 2021 06:45 am ET
Lazard Reports April 2021 Assets Under Management
Lazard Ltd (NYSE:LAZ) reported today that its preliminary assets under management (“AUM”) as of April 30, 2021 totaled approximately $274.4 billion. The month’s AUM included market appreciation of $6.9 billion, foreign exchange appreciation of $2.7 billion and net outflows of $0.1 billion.
Apr 30, 2021 06:49 am ET
Lazard Ltd Reports First-Quarter 2021 Results
Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $648 million for the quarter ended March 31, 2021. Net income, as adjusted2, was $101 million, or $0.87 per share (diluted) for the quarter.
Apr 29, 2021 04:30 pm ET
Apr 29, 2021 07:00 am ET
Lazard Asset Management Adds TMT Long/Short Equity Team
Lazard Asset Management LLC (“LAM”) today announced the expansion of its alternative investment platform, with the addition of a long/short equity team focused on the technology, media, and telecommunications (TMT) industries. Co-Portfolio Managers Thomas Wang and Charles Murias are joining LAM from HM Global Management, where they have had a proven track record of investing together in the TMT space.
Apr 15, 2021 06:49 am ET
Lazard to Announce First-quarter 2021 Results
Lazard Ltd (NYSE: LAZ) will announce its first-quarter 2021 results in a press release to be issued Friday morning, April 30, 2021.
Apr 13, 2021 06:45 am ET
Lazard Reports March 2021 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of March 31, 2021 totaled approximately $264.9 billion. The month’s AUM included market appreciation of $8.2 billion, net outflows of $0.8 billion and foreign exchange depreciation of $3.2 billion. Preliminary average assets under management for the quarter ended March 31, 2021 were $261.5 billion.
Mar 22, 2021 06:49 am ET
Lazard Fintech Acquisition Corp. I and Lazard Healthcare Acquisition Corp. I File Registration Statements for Initial Public Offerings
Lazard Ltd (NYSE: LAZ) announced today that each of Lazard Fintech Acquisition Corp. I (“LFTA”) and Lazard Healthcare Acquisition Corp. I (“LHCA”) have publicly filed registration statements on Form S-1 (the “LFTA Registration Statement” and “LHCA Registration Statement”, respectively) with the U.S. Securities and Exchange Commission (the “SEC”) relating to each of their proposed initial public offerings of 25,000,000 units at a price of $10.00 per unit, each unit consisting of one Class A ordinary share and one-fifth of one redeemable warrant. LFTA intends to apply to list the units on Nasdaq
Mar 16, 2021 03:05 pm ET
Lazard Nominates Ann-Kristin Achleitner to Its Board of Directors
Lazard Ltd (NYSE: LAZ) announced today that it has nominated Prof. Dr. Dr. Ann-Kristin Achleitner to join its Board of Directors at its 2021 Annual Meeting of Shareholders. In accordance with the Board’s recently adopted policy on term limits, current Directors Steven J. Heyer and Sylvia Jay will not stand for reelection when their terms expire in April 2021.
Mar 10, 2021 06:45 am ET
Lazard Reports February 2021 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of February 28, 2021 totaled approximately $260.7 billion. The month’s AUM included market appreciation of $5.6 billion, net inflows of $0.2 billion and foreign exchange depreciation of $0.3 billion.
Feb 12, 2021 04:30 pm ET
Lazard Growth Acquisition Corp. I Announces Closing of Initial Public Offering and Exercise in Full of Underwriter’s Option to Purchase Additional Units
Lazard Growth Acquisition Corp. I (the “Company”) today announced the closing of its initial public offering of 57,500,000 units, including 7,500,000 units issued upon the exercise in full by the underwriter of its option to purchase additional units, at a price of $10.00 per unit. The units are listed on Nasdaq and trade under the ticker symbol “LGACU”. Each unit consists of one Class A ordinary share and one-fifth of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Once the securities comprising
Feb 10, 2021 06:45 am ET
Lazard Reports January 2021 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of January 31, 2021 totaled approximately $255.2 billion. The month’s AUM included market depreciation of $1.2 billion, foreign exchange depreciation of $1.1 billion and net outflows of $1.1 billion.
Feb 09, 2021 05:53 pm ET
Lazard Growth Acquisition Corp. I Prices $500,000,000 Initial Public Offering
Lazard Growth Acquisition Corp. I (the “Company”) today announced the pricing of its initial public offering of 50,000,000 units at a price of $10.00 per unit. The units are expected to be listed on Nasdaq under the ticker symbol “LGACU” beginning February 10, 2021. Each unit consists of one Class A ordinary share and one-fifth of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to
Feb 05, 2021 06:49 am ET
Lazard Ltd Reports Full-Year and Fourth-Quarter 2020 Results
Lazard Ltd (NYSE: LAZ) today reported annual operating revenue1 of $2,524 million for the year ended December 31, 2020. Net income, as adjusted2, was $410 million, or $3.60 per share (diluted) for the year. On a U.S. GAAP basis, net income for the year was $402 million, or $3.54 per share (diluted).
Feb 04, 2021 04:30 pm ET
Lazard Declares Quarterly Dividend of $0.47 Per Share
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.47 per share on its outstanding common stock. The dividend is payable on March 2, 2021, to stockholders of record on February 19, 2021.
Jan 25, 2021 05:33 pm ET
Lazard Growth Acquisition Corp. I Files Registration Statement for Initial Public Offering
Lazard Growth Acquisition Corp. I (the “Company”) today announced that it publicly filed a registration statement on Form S-1 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of 50,000,000 units at a price of $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant. The Company has applied to list the units on Nasdaq under the ticker symbol “LGACU”. The offering is subject to market and other conditions, and there can be no assurance as to whether or when
Jan 19, 2021 06:49 am ET
Lazard to Announce Full-Year and Fourth-Quarter 2020 Results
Lazard Ltd (NYSE: LAZ) will announce its full-year and fourth-quarter 2020 results in a press release to be issued Friday morning, February 5, 2021.
Jan 15, 2021 10:39 am ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.11512 per share on the Fund’s outstanding common stock. The distribution is payable on February 22, 2021 to shareholders of record on February 9, 2021. The ex-dividend date is February 8, 2021.
Jan 13, 2021 06:45 am ET
Lazard Reports December 2020 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of December 31, 2020 totaled approximately $258.6 billion. The month’s AUM included market appreciation of $7.7 billion, foreign exchange appreciation of $2.9 billion and net inflows of $0.4 billion. Preliminary average assets under management for the quarter ended December 31, 2020 were $245.6 billion.
Jan 12, 2021 09:00 am ET
James J. Orozco Joins Lazard as a Managing Director, Financial Advisory
Lazard Ltd (NYSE: LAZ) announced today that James J. Orozco has joined Lazard’s Financial Advisory business as a Managing Director covering financial sponsors, effective immediately. Based in San Francisco, Mr. Orozco joins from GCA Advisors, where he served as a Managing Director.
Jan 06, 2021 06:49 am ET
Adam Handwerker Joins Lazard as a Managing Director, Private Capital Advisory Group
Lazard Ltd (NYSE: LAZ) announced today that Adam Handwerker will join Lazard’s Financial Advisory business as a Managing Director in the Private Capital Advisory Group, effective immediately. He is based in New York.
Jan 04, 2021 01:29 pm ET
Lazard Global Total Return and Income Fund Confirms New Distribution
Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) is confirming today, pursuant to its level distribution policy, as previously authorized by its Board of Directors, a monthly distribution of $0.11512, equivalent to 7.0% (annualized) of the Fund’s net asset value per share as of the close of markets on December 31, 2020 on the Fund’s outstanding common stock. The distribution is payable on January 22, 2021 to shareholders of record on January 11, 2021. The ex-dividend date is January 8, 2021.
Dec 15, 2020 10:33 am ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution equal to, on an annualized basis, 7.0% of the Fund’s net asset value per share as of the close of markets on December 31, 2020 on the Fund’s outstanding common stock. The distribution is payable on January 22, 2021 to shareholders of record on January 11, 2021. The ex-dividend date is January 8, 2021.
Dec 10, 2020 06:45 am ET
Lazard Reports November 2020 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of November 30, 2020 totaled approximately $247.6 billion. The month’s AUM included market appreciation of $21.6 billion, foreign exchange appreciation of $2.9 billion and net outflows of $1.0 billion.
Dec 01, 2020 06:49 am ET
Lazard Chairman and Chief Executive Officer Kenneth M. Jacobs to Speak at the Goldman Sachs 2020 US Financial Services Conference
Lazard Ltd (NYSE: LAZ) announced today that Kenneth M. Jacobs, Chairman and Chief Executive Officer, is scheduled to participate in a moderated question and answer session at the Goldman Sachs 2020 US Financial Services Conference, held virtually, Wednesday, December 9, at 8:40 a.m. EST.
Nov 27, 2020 09:00 am ET
Pandemic Intensifies Margin Pressure on Automotive Suppliers; Sales Expected to Decline Globally by 15 to 20 Percent In 2020
Electromobility, autonomous driving and digital transformation of cars: Technological change continues to put pressure on margins at automotive suppliers. The Covid-19 pandemic has further intensified this trend. As a result, this year's global sales are expected to slump by an average of 15 to 20 percent compared to 2019. Suppliers’ average EBIT margin fell to 1.7 percent in the first half of 2020. The pandemic’s effect on automotive suppliers is revealed in the "Global Automotive Supplier Study 2020", from Roland Berger and Lazard. The study analyzed performance indicators of approximately 6
Nov 16, 2020 12:09 pm ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on December 23, 2020 to shareholders of record on December 11, 2020. The ex-dividend date is December 10, 2020.
Nov 11, 2020 06:45 am ET
Lazard Reports October 2020 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of October 31, 2020 totaled approximately $224.2 billion. The month’s AUM included market depreciation of $3.9 billion, minimal foreign exchange depreciation and net inflows of $0.3 billion.
Nov 02, 2020 02:00 am ET
Sam Whittaker Re-joins Lazard Financial Advisory as a Managing Director
Lazard Ltd (NYSE: LAZ) announced today that Sam Whittaker will re-join Lazard Financial Advisory as a Managing Director, effective immediately. Sam joins from PJT Partners where he worked for the last five years, most recently as a Managing Director in its EMEA Restructuring group. Sam has more than 15 years of restructuring experience, advising debtors and creditors in the UK and globally. He initially joined Lazard in 2005 having previously worked on London’s successful Olympic Games bid and in the Prime Minister’s strategy unit in the UK Cabinet Office.
Oct 29, 2020 06:49 am ET
Lazard Ltd Reports Third-quarter and Nine-month 2020 Results
Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $569 million for the quarter ended September 30, 2020. Net income, as adjusted2, was $76 million, or $0.67 per share (diluted) for the quarter. On a U.S. GAAP basis, third-quarter 2020 net income was $75 million, or $0.66 per share (diluted).
Oct 28, 2020 04:30 pm ET
Lazard Declares Quarterly Dividend of $0.47 Per Share
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.47 per share on its outstanding common stock. The dividend is payable on November 20, 2020, to stockholders of record on November 9, 2020.
Oct 27, 2020 06:48 am ET
Ryan Hutchinson and Stefan Wimmer Join Lazard Asset Management
Lazard Asset Management LLC (LAM) today announced that Ryan Hutchinson and Stefan Wimmer have joined the firm, bringing with them their Digital Health investment strategy. Mr. Hutchinson, Director and Portfolio Manager, and Mr. Wimmer, Senior Vice President and Portfolio Manager are based in New York and Berlin, respectively.
Oct 22, 2020 02:00 am ET
Makinson Cowell to Join Lazard
Cyrus Kapadia, CEO of Lazard UK Investment Banking, said, “Makinson Cowell epitomises the discreet, trusted and independent advice that is in increasing demand and for which Lazard is renowned. Their in-depth expertise and knowledge of the institutional investor landscape will enhance our market leading financial advisory capabilities for the benefit of our clients. We welcome the Makinson Cowell team to Lazard.”
Oct 19, 2020 08:45 am ET
Lazard Releases Annual Levelized Cost of Energy and Levelized Cost of Storage Analyses
Lazard’s latest annual Levelized Cost of Energy Analysis (LCOE 14.0) shows that as the cost of renewable energy continues to decline, certain technologies (e.g., onshore wind and utility-scale solar), which became cost-competitive with conventional generation several years ago on a new-build basis, continue to maintain competitiveness with the marginal cost of selected existing conventional generation technologies.
Oct 16, 2020 03:06 pm ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on November 24, 2020 to shareholders of record on November 13, 2020. The ex-dividend date is November 12, 2020.
Oct 15, 2020 03:02 pm ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on November 23, 2020 to shareholders of record on November 12, 2020. The ex-dividend date is November 11, 2020.
Oct 15, 2020 06:48 am ET
Lazard Asset Management Expands Alternative Investment Platform
Lazard Asset Management LLC (“LAM”) today announced the expansion of its alternative investment platform, with the addition of a New York-based team and their long/short credit strategy. Sal Naro, Vincent Mistretta, Michael Cannon and Sanjay Aiyar have joined LAM from Coherence Capital Partners, forming the Lazard Coherence investment team.
Oct 14, 2020 06:49 am ET
Lazard to Announce Third-Quarter and Nine-Month 2020 Results
Lazard Ltd (NYSE: LAZ) will announce its third-quarter and nine-month 2020 results in a press release to be issued Thursday morning, October 29, 2020.
Oct 12, 2020 06:45 am ET
Lazard Reports September 2020 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of September 30, 2020 totaled approximately $227.8 billion. The month’s AUM included market depreciation of $3.2 billion, foreign exchange depreciation of $2.0 billion and net inflows of $0.7 billion. Preliminary average assets under management for the quarter ended September 30, 2020 were $226.0 billion.
Sep 16, 2020 10:28 am ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on October 23, 2020 to shareholders of record on October 14, 2020. The ex-dividend date is October 13, 2020.
Sep 11, 2020 06:45 am ET
Lazard Reports August 2020 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of August 31, 2020 totaled approximately $232.3 billion. The month’s AUM included market appreciation of $8.2 billion, net inflows of $0.5 billion and foreign exchange appreciation of $1.1 billion.
Aug 19, 2020 01:35 pm ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on September 23, 2020 to shareholders of record on September 11, 2020. The ex-dividend date is September 10, 2020.
Aug 12, 2020 06:45 am ET
Lazard Reports July 2020 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of July 31, 2020 totaled approximately $222.5 billion. The month’s AUM included market appreciation of $4.5 billion, net outflows of $1.4 billion and foreign exchange appreciation of $4.7 billion.
Aug 07, 2020 05:00 am ET
Terrence Gray and Jian Tao Join Lazard Asset Management
Lazard Asset Management LLC (LAM) today announced that Terrence Gray and Jian Tao have joined the firm, bringing with them their “Bottom Billion Strategy”.
Jul 31, 2020 06:49 am ET
Lazard Ltd Reports Second-quarter and First-half 2020 Results
Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $543 million for the quarter ended June 30, 2020. Net income, as adjusted2, was $75 million, or $0.67 per share (diluted) for the quarter. On a U.S. GAAP basis, second-quarter 2020 net income was $73 million, or $0.66 per share (diluted).
Jul 29, 2020 05:23 pm ET
ADDING and REPLACING Lazard Declares Quarterly Dividend of $0.47 Per Share
Add at end of first paragraph of release: August 10, 2020.
Jul 29, 2020 04:15 pm ET
Lazard Declares Quarterly Dividend of $0.47 Per Share
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.47 per share on its outstanding common stock. The dividend is payable on August 21, 2020, to stockholders of record on
Jul 23, 2020 06:49 am ET
David O. Higley to Join Lazard as a Managing Director, Interactive Entertainment and Digital Media Investment Banking
Lazard Ltd (NYSE: LAZ) announced today that David O. Higley will join Lazard’s Financial Advisory business as a Managing Director in Interactive Entertainment and Digital Media Investment Banking, effective immediately. Based in Los Angeles, Mr. Higley joins from Bond Lane Partners LLC, where he was the founder and managing partner.
Jul 16, 2020 01:45 pm ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on August 24, 2020 to shareholders of record on August 12, 2020. The ex-dividend date is August 11, 2020.
Jul 16, 2020 10:00 am ET
Lazard Releases 2020 Global Healthcare Leaders Study
Lazard Ltd (NYSE: LAZ) today released its third annual in-depth study of strategic challenges and opportunities in the global healthcare industry, surveying C-level executives and investors across three global sectors: Pharmaceuticals and Biotech; MedTech; and Healthcare Services. This year’s study focuses on the industry leaders’ response to the COVID-19 pandemic, including their greatest concerns, challenges, and expectations.
Jul 15, 2020 06:49 am ET
Lazard to Announce Second-Quarter and First-Half 2020 Results
Lazard Ltd (NYSE: LAZ) will announce its second-quarter and first-half 2020 results in a press release to be issued Friday morning, July 31, 2020.
Jul 13, 2020 06:45 am ET
Lazard Reports June 2020 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of June 30, 2020 totaled approximately $214.7 billion. The month’s AUM included market appreciation of $4.2 billion, net outflows of $1.2 billion and foreign exchange appreciation of $0.9 billion. Preliminary average assets under management for the quarter ended June 30, 2020 were $208.5 billion.
Jul 01, 2020 06:47 am ET
Lazard Asset Management Launches US Sustainable Equity Portfolio
Lazard Asset Management LLC (“LAM”) today announced the launch of the Lazard US Sustainable Equity Portfolio (Institutional: SUSTX; Open: SUSLX) (the “Fund”).
Jun 17, 2020 01:18 pm ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on July 23, 2020 to shareholders of record on July 13, 2020. The ex-dividend date is July 10, 2020.
Jun 10, 2020 06:45 am ET
Lazard Reports May 2020 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of May 31, 2020 totaled approximately $210.9 billion. The month’s AUM included market appreciation of $7.5 billion, net outflows of $2.2 billion and foreign exchange appreciation of $1.0 billion.
May 15, 2020 02:21 pm ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on June 23, 2020 to shareholders of record on June 12, 2020. The ex-dividend date is June 11, 2020.
May 12, 2020 06:45 am ET
Lazard Reports April 2020 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of April 30, 2020 totaled approximately $204.6 billion. The month’s AUM included market appreciation of $13.5 billion, net outflows of $2.6 billion and foreign exchange appreciation of $0.6 billion.
Apr 30, 2020 06:49 am ET
Lazard Ltd Reports First-quarter 2020 Results
Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $563 million for the quarter ended March 31, 2020. Net income, as adjusted2, was $67 million, or $0.58 per share (diluted) for the quarter.
Apr 29, 2020 04:33 pm ET
Lazard Declares Quarterly Dividend of $0.47 Per Share
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.47 per share on its outstanding common stock. The dividend is payable on May 22, 2020, to stockholders of record on May 11, 2020.
Apr 20, 2020 06:49 am ET
George Bilicic Rejoins Lazard as a Vice Chairman, Investment Banking and as Global Head of Power, Energy & Infrastructure
Lazard Ltd (NYSE:LAZ) announced today that George Bilicic has rejoined the firm as a Vice Chairman, Investment Banking and as Global Head of Power, Energy & Infrastructure, effective immediately. Mr. Bilicic rejoins Lazard from Sempra Energy, where he most recently served as President and Chief Legal Officer.
Apr 17, 2020 11:08 am ET
Lazard to Announce First-quarter 2020 Results
Lazard Ltd (NYSE: LAZ) will announce its first-quarter 2020 results in a press release to be issued Thursday morning, April 30, 2020.
Apr 16, 2020 02:30 am ET
Christopher Mallon Joins Lazard Financial Advisory as a Senior Adviser
Lazard Ltd (NYSE: LAZ) announced today that Christopher Mallon will join Lazard Financial Advisory as a Senior Adviser, effective immediately. Christopher has more than 30 years of restructuring advisory experience, serving in senior roles advising a number of companies. Christopher worked most recently as a Senior Restructuring Partner at the global law firm Skadden, Arps, Slate, Meagher & Flom LLP.
Apr 15, 2020 01:37 pm ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on May 22, 2020 to shareholders of record on May 12, 2020. The ex-dividend date is May 11, 2020.
Apr 14, 2020 12:03 pm ET
Lazard to Host Virtual Annual General Meeting of Shareholders in 2020
Lazard Ltd (NYSE: LAZ) announced today that in light of the public health impact of the coronavirus/COVID-19 pandemic, our Annual General Meeting of Shareholders will be changed to a virtual-only meeting for the health and safety of our stakeholders and employees. As previously announced, our Annual General Meeting will be held Tuesday, April 28, 2020 at 4:30pm Eastern Daylight Time.
Apr 13, 2020 06:45 am ET
Lazard Reports March 2020 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of March 31, 2020 totaled approximately $193.0 billion. The month’s AUM included market depreciation of $28.6 billion; foreign exchange depreciation of $2.6 billion and net outflows of $2.6 billion.
Apr 10, 2020 04:02 pm ET
Lazard Global Total Return and Income Fund Announces Change of Location for Annual Meeting of Stockholders
Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) today announced that the location of its 2020 Annual Meeting of Stockholders (the "Annual Meeting") has been changed. In light of public health concerns regarding the spread of coronavirus disease 2019 (COVID-19), the Annual Meeting will now be held in a virtual format. Stockholders will not be able to attend the Annual Meeting in person, but will be able to participate remotely as described below. The date and time of the Annual Meeting—Friday, April 24, 2020 at 3:00 p.m., Eastern Time—have not changed.
Mar 17, 2020 11:19 am ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on April 23, 2020 to shareholders of record on April 14, 2020. The ex-dividend date is April 13, 2020.
Mar 11, 2020 06:45 am ET
Lazard Reports February 2020 Assets Under Management
Lazard Ltd (NYSE:LAZ) reported today that its preliminary assets under management (“AUM”) as of February 29, 2020 totaled approximately $226.8 billion. The month’s AUM included market depreciation of $14.0 billion; foreign exchange depreciation of $1.9 and net outflows of $0.9 billion.
Feb 14, 2020 12:00 pm ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on March 23, 2020 to shareholders of record on March 12, 2020. The ex-dividend date is March 11, 2020.
Feb 12, 2020 06:45 am ET
Lazard Reports January 2020 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of January 31, 2020 totaled approximately $243.6 billion. The month’s AUM included foreign exchange depreciation of $2.1 billion; net outflows of $1.5 billion and market depreciation of $1.1 billion.
Jan 30, 2020 06:49 am ET
Lazard Ltd Reports Full-year and Fourth-Quarter 2019 Results
Lazard Ltd (NYSE: LAZ) today reported annual operating revenue1 of $2,546 million for the year ended December 31, 2019. Net income, as adjusted2, was $385 million, or $3.28 per share (diluted) for the year. Net income on a U.S. GAAP basis for the year was $287 million, or $2.44 per share (diluted).
Jan 29, 2020 04:15 pm ET
Lazard Declares Quarterly Dividend of $0.47 Per Share
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.47 per share on its outstanding common stock. The dividend is payable on February 28, 2020, to stockholders of record on February 18, 2020.
Jan 15, 2020 10:37 am ET
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on February 24, 2020 to shareholders of record on February 12, 2020. The ex-dividend date is February 11, 2020.
Jan 15, 2020 06:49 am ET
Lazard to Announce Full-Year and Fourth-Quarter 2019 Results
Lazard Ltd (NYSE: LAZ) will announce its full-year and fourth-quarter 2019 results in a press release to be issued Thursday morning, January 30, 2020.
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