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Lazard, Inc. (symbol: LAZ) is one of the world’s leading financial advisory and asset management firms. With a history that dates back to 1848, Lazard operates in 43 cities across 27 countries, including North America, Europe, Asia, Australia, Central, and South America. The firm's global presence and long-standing reputation make it a significant player in the financial services industry.
Lazard offers a wide array of services, including advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance. The company also provides comprehensive asset management services to corporations, partnerships, institutions, governments, and individuals. Notably, the firm’s revenue is nearly evenly split between financial advisory and asset management, with a strong emphasis on international equities in their asset management division.
The company's asset management business, which constitutes over 80% of its assets under management, is primarily focused on institutional clients. Geographically, Lazard generates approximately 60% of its revenue from the Americas, 35% from the EMEA region, and 5% from the Asia-Pacific.
With over 3,000 employees worldwide, Lazard continues to thrive by leveraging its deep industry expertise and global network. The firm's current projects and partnerships demonstrate its ongoing commitment to delivering high-value financial solutions. For the latest updates and relevant information about Lazard’s performance, events, and developments, you can follow their social media disclosures.
Lazard Ltd (NYSE: LAZ) has appointed Ronald Temple as the new Chief Market Strategist, effective immediately. In this role, Temple will serve as a key strategist for Lazard's Asset Management and Financial Advisory sectors, collaborating with the newly formed Geopolitical Advisory group. He brings over two decades of experience at Lazard, having held significant positions including U.S. equity and global equity strategies oversight. Kenneth M. Jacobs, CEO, highlighted Temple's extensive relationships and market insights as critical to the firm's success.
Lazard Ltd (NYSE: LAZ) announced that Kenneth M. Jacobs, Chairman and CEO, will participate in a moderated Q&A session at the Goldman Sachs 2022 US Financial Services Conference on Wednesday, December 7, 2022, at 8:00 a.m. EST. A live audio webcast will be accessible via the Lazard Investor Relations website, with a replay available shortly after the event.
Lazard is a leading financial advisory and asset management firm operating in 41 cities across 26 countries, providing services in mergers and acquisitions, strategic matters, and asset management.
Lazard Ltd (NYSE: LAZ) has appointed Edward Rubin as a Managing Director in its Telecommunications, Media & Entertainment Group. Based in New York, Rubin will leverage his extensive experience in fiber and telecommunications infrastructure to advise clients in the communications sector. This addition strengthens Lazard's leading advisory practice in this field, which has seen recent growth with other strategic hires. Rubin previously held significant roles at Cowen and Company, Deutsche Bank, UBS, and Dresdner Kleinwort Benson.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $204.6 billion as of October 31, 2022. This figure reflects a market appreciation of $8.0 billion, net outflows of $1.8 billion, and foreign exchange appreciation of $0.6 billion. The AUM report indicates an increase from $197.8 billion at the end of September 2022. In equity, AUM rose to $160.2 billion, while fixed income increased to $39.0 billion. Lazard continues to provide asset management and financial advisory services worldwide.
Lazard Ltd (NYSE: LAZ) reported record operating revenue of $724 million for Q3 2022, a 3% increase compared to Q3 2021. Adjusted net income was $106 million or $1.05 per diluted share. For the first nine months of 2022, net income, as adjusted, totaled $317 million, down 11% from the previous year. The company returned $812 million to shareholders, including repurchasing 17.2 million shares. Despite challenges in asset management, Lazard remains committed to delivering long-term value through diversified services and robust capital management.
Lazard Ltd (NYSE: LAZ) has announced a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is scheduled for payment on November 18, 2022, to stockholders of record as of November 7, 2022. This decision reflects the company's commitment to returning value to its shareholders while maintaining operational stability.
Operating in 41 cities across 26 countries, Lazard specializes in financial advisory and asset management services, contributing to its longstanding reputation since 1848.
Lazard Ltd (NYSE: LAZ) has secured a new U.K. headquarters at 20 Manchester Square, London, set to occupy over 78,500 sq. ft by early 2025. This seven-storey building will house its Financial Advisory and Asset Management businesses. Lazard signed a 15-year lease with Invesco Real Estate beginning mid-2024. The HQ emphasizes sustainability, committing to net zero carbon in construction, aligned with the U.K. Green Building Council framework. This investment aims to benefit clients and further solidify Lazard's London presence.
Lazard Ltd (NYSE: LAZ) will release its third-quarter and nine-month 2022 results on October 27, 2022. The press release will be available on Lazard's website. A conference call for discussing financial results will take place at 8:00 a.m. EDT on the same day. Interested parties can access the call via webcast or phone. A replay will be available shortly after the call. Lazard is a leading financial advisory and asset management firm, operating globally since 1848 and offering a range of financial services to various clients.
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