Welcome to our dedicated page for Lazard news (Ticker: LAZ), a resource for investors and traders seeking the latest updates and insights on Lazard stock.
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 increased its quarterly dividend by 6% to
Lazard Ltd (NYSE: LAZ) has appointed John Goldasich as a Managing Director in its Consumer and Retail Group, effective immediately. Based in Charlotte, North Carolina, Goldasich focuses on the restaurant and food service sectors. He brings over 18 years of investment banking experience, having previously served as a Partner at Arlington Capital Advisors, where he specialized in M&A for restaurants and franchising. His expertise aims to enhance Lazard’s advisory services in the private market consumer sector.
Lazard Ltd (NYSE: LAZ) has appointed Prasad Parmeshwaran as a Managing Director in its Healthcare Group within Financial Advisory, effective immediately. Based in San Francisco, Mr. Parmeshwaran will primarily focus on advising clients in the biotechnology and diagnostics sectors. He brings nearly two decades of relevant experience, most recently as Managing Director at Cowen Inc. where he led the Healthcare M&A group. His expertise is expected to strengthen Lazard’s capabilities in advising on strategic transactions in the healthcare space.
Lazard Ltd (NYSE: LAZ) will announce its Q2 2022 and first-half results on July 28, 2022. The press release will be available on www.lazard.com. A conference call is scheduled for 8:00 a.m. EDT on the same day to discuss these financial results, accessible via live audio webcast or by phone. Replay options will be available post-conference. Lazard, established in 1848, is a leading financial advisory and asset management firm with operations in 40 cities across 25 countries, providing a range of financial services.
Lazard Ltd (NYSE: LAZ) reported a preliminary total of $216.6 billion in assets under management (AUM) as of June 30, 2022. The AUM reflects a decline due to market depreciation of $13.1 billion, foreign exchange losses of $3.7 billion, and net outflows totaling $2.5 billion. The average AUM for Q2 2022 was $225.7 billion, compared to $235.9 billion in May 2022.
Lazard Ltd (NYSE: LAZ) has appointed Ajay Dhankhar as Managing Director in the Healthcare Group of Financial Advisory, effective immediately. Mr. Dhankhar will act as Global Head of Medical Technology, Diagnostics, and Tools, advising clients in biopharmaceuticals and healthcare technology. With over 50 major transactions under his belt, he join from McKinsey & Company, enhancing Lazard's advisory capabilities in a growing healthcare sector.
Lazard Ltd (NYSE: LAZ) has appointed Bryce Dakin as a Managing Director in its Technology Group within Financial Advisory, effective immediately. Based in San Francisco, Dakin brings nearly three decades of experience in the semiconductor and applied technologies sectors, enhancing Lazard's service offerings. Previously, he served as Global Head of Technology Corporate Advisory at Greenhill and has a background at GCA, SoundView Technology Group, and Montgomery Securities. His expertise and extensive relationships are expected to strengthen Lazard's technology coverage.
Lazard Ltd (NYSE: LAZ) has appointed Slava Brin as a Managing Director in the Telecom, Media & Entertainment Group within Financial Advisory, effective immediately. Based in New York, Brin specializes in communications and internet infrastructure, particularly in M&A, debt, and principal investing. He joins from Truist Securities and has also worked at Evercore, contributing extensively to notable M&A transactions. This strategic addition aims to strengthen Lazard's focus on digital infrastructure.
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