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Lazard Asset Management Appoints Larry Cohen as Global Head of Technology & Operations
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Lazard Asset Management has appointed Larry Cohen as Managing Director and Global Head of Technology & Operations, effective immediately. Cohen has extensive experience in the asset management sector, having previously worked at firms like Goldman Sachs and AllianceBernstein. His role will focus on enhancing the firm’s technology and operational infrastructure to support growth. This move is seen as a strategic effort to refine operations within Lazard's asset management business, which managed approximately $216 billion in client assets as of December 31, 2022.
Positive
Appointment of Larry Cohen expected to enhance technology and operational efficiency.
Cohen's extensive experience from leading firms may provide strategic advantages.
Negative
Potential continuity concerns due to leadership transition.
Experience gaps may arise as the firm adapts to new leadership.
NEW YORK--(BUSINESS WIRE)--
Lazard Asset Management (LAM) today announced that Larry Cohen has been appointed as Managing Director and Global Head of Technology & Operations, effective immediately.
“Larry brings a wealth of experience in the asset management industry as well as in technology and operational infrastructure,” said Evan Russo, Chief Executive Officer of Lazard Asset Management. “He will work with our teams globally to improve and refine our global technology, systems and operational infrastructure, which will help support the next stage of growth and expansion within the asset management business.”
Mr. Cohen joined the firm last August as a Strategic Advisor. He has deep experience across operations, technology, portfolio implementation, and operational risk from a variety of roles within the asset management and financial services industry, including positions at Goldman Sachs, Morgan Stanley, UBS and, most recently, at AllianceBernstein where he was a Partner and Global Head of Operations and Technology.
About Lazard Asset Management (LAM) LLC
An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM offers a range of equity, fixed-income, and alternative investment products worldwide. As of December 31, 2022, LAM and affiliated asset management companies in the Lazard Group managed $216 billion worth of client assets. For more information about LAM, please visit www.LazardAssetManagement.com. Follow LAM at @LazardAsset.
AM- LAZ
This document reflects the views of Lazard Asset Management LLC or its affiliates (“Lazard”) based upon information believed to be reliable as of the publication date. There is no guarantee that any forecast or opinion will be realized. This document is provided by Lazard Asset Management LLC or its affiliates (“Lazard”) for informational purposes only. Nothing herein constitutes investment advice or a recommendation relating to any security, commodity, derivative, investment management service or investment product. Investments in securities, derivatives and commodities involve risk, will fluctuate in price, and may result in losses. This document is intended only for persons residing in jurisdictions where its distribution or availability is consistent with local laws and Lazard’s local regulatory authorizations. Please visit www.lazardassetmanagement.com/globaldisclosure for the specific Lazard entities that have issued this document and the scope of their authorized activities.
Who is Larry Cohen and what is his new role at Lazard Asset Management?
Larry Cohen has been appointed as Managing Director and Global Head of Technology & Operations at Lazard Asset Management, effective immediately.
What experience does Larry Cohen bring to Lazard Asset Management?
Larry Cohen brings extensive experience from major firms such as Goldman Sachs, Morgan Stanley, and AllianceBernstein, where he held senior operational and technology roles.
What are the expected impacts of Larry Cohen's appointment on Lazard Asset Management?
Cohen's appointment is expected to enhance the firm's technology and operational infrastructure to support growth and expansion.
When did Larry Cohen join Lazard Asset Management?
Larry Cohen joined Lazard Asset Management as a Strategic Advisor in August 2022.
How much client assets does Lazard Asset Management manage?
As of December 31, 2022, Lazard Asset Management managed approximately $216 billion in client assets.
