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Lazard Ltd (LAZ) maintains its position as a global leader in financial advisory and asset management through strategic insights and operational excellence. This dedicated news hub provides investors with essential updates on corporate developments, market strategies, and financial performance.
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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.
Lazard Ltd (NYSE: LAZ) has appointed Jami Miscik as a Senior Advisor for its Geopolitical Advisory group, effective immediately. Based in Los Angeles, Miscik brings nearly 40 years of experience intersecting intelligence, government, and financial services. Her background includes being CEO of Kissinger Associates and a former Deputy Director for Intelligence at the CIA. The new advisory group aims to guide corporate leaders in navigating risks and opportunities in a volatile geopolitical landscape, combining expert insights with Lazard's business acumen.
Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) for September 30, 2022, totaling approximately $197.8 billion. This figure reflects a market depreciation of $14.8 billion, foreign exchange depreciation of $3.4 billion, and net outflows of $1.0 billion. The average AUM for the quarter was $212.3 billion. The total equity decreased from $170.7 billion in August 2022 to $153.7 billion in September 2022, indicating a significant decline in market conditions affecting the firm's performance.
Lazard Ltd (NYSE: LAZ) has appointed Sarah Al-Suhaimi as Chair of its Financial Advisory business for the MENA region, effective upon regulatory approval. This move underscores Lazard's commitment to enhancing its investment banking capabilities in the region, particularly from its Riyadh office, operational since 2010. Al-Suhaimi brings over 20 years of financial service experience, including roles at Saudi Stock Exchange and SNB Capital. CEO Peter Orszag emphasized her leadership will strengthen Lazard's local presence.
Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) as of
Lazard Ltd (NYSE: LAZ) has appointed Timothy Donahue as Managing Director and Vice Chairman of U.S. Investment Banking, effective immediately. Based in New York, Donahue will focus on capital structures and private credit advisory. His experience includes a prior role at J.P. Morgan as Vice Chairman of Capital Markets. Lazard's CEO, Peter Orszag, highlighted the growth potential in private credit markets, emphasizing the enhancement of Lazard's expertise to better serve clients.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $225.1 billion as of July 31, 2022. This figure includes market appreciation of $9.8 billion, foreign exchange depreciation of $1.0 billion, and net outflows of $0.3 billion. The firm’s AUM was $216.6 billion as of June 30, 2022. Lazard operates globally in financial advisory and asset management sectors, providing services across various financial activities.
Lazard Ltd (NYSE: LAZ) has appointed Mary Ann Betsch as its new Chief Financial Officer (CFO), effective October 3. She takes over from Evan L. Russo, who served as CFO since 2017 and transitioned to CEO of Lazard's Asset Management division in June 2022. Betsch brings over 20 years of experience, having previously led finance at Citadel and worked at PwC. Her extensive financial background is expected to enhance Lazard's senior leadership and business strategy.
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