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. (NYSE: LAZ) is a financial advisory and asset management firm that regularly issues news and announcements related to its operations in investment banking and securities dealing. Founded in 1848, the company provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, alongside asset management and investment solutions for institutions, corporations, governments, partnerships, family offices, and high net worth individuals.
The LAZ news feed features earnings releases and financial updates, including quarterly and annual results and commentary on segment performance in Financial Advisory and Asset Management. Lazard also reports monthly and periodic assets under management (AUM) figures, broken down by categories such as equity, fixed income, and other strategies, giving insight into trends in its asset management platform.
Investors can also follow corporate developments such as leadership appointments, board changes, and updates on the firm’s long-term growth strategy. Lazard’s communications highlight initiatives in its asset management business, including the evolution of its global investment platform, the creation of roles like Chief Investment Officer for Lazard Asset Management, and the launch or conversion of investment products, such as an emerging markets equity ETF.
In addition, Lazard’s news includes information about capital markets transactions at the corporate level, such as senior notes offerings and tender offers for existing debt, which are relevant to understanding the company’s capital structure. For users tracking LAZ stock, this news page provides a centralized view of Lazard’s public announcements, from financial metrics and AUM updates to strategic hires and product developments across its advisory and asset management businesses.
Lazard Ltd (NYSE: LAZ) has appointed Wassim Al-Khatib as the new Chief Executive Officer of its Financial Advisory business in the Middle East and North Africa (MENA), pending regulatory approval. Al-Khatib will operate from the Riyadh office, which is set to be the regional hub for MENA Investment Banking. Peter Orszag, Lazard's CEO of Financial Advisory, expressed confidence in Al-Khatib's experience and leadership abilities. Previously, Al-Khatib was CEO of Citigroup Saudi Arabia and has significant transaction experience in the MENA region, highlighting Lazard's commitment to expanding its client engagement in this key market.
Lazard Ltd (NYSE: LAZ) will release its fourth-quarter and full-year 2022 financial results on February 2, 2023. The press release will be accessible on Lazard’s website. A conference call is scheduled for 8:00 a.m. EST on the same day to discuss these results. Participants can join via a live audio webcast or by calling designated numbers. A replay of the call will be available later that day. Lazard is a leading financial advisory and asset management firm, operating in 41 cities across 26 countries, providing services in mergers and acquisitions, restructuring, capital raising, and asset management.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $216.1 billion as of December 31, 2022. The AUM report reflects a market depreciation of $5.7 billion, foreign exchange appreciation of $2.9 billion, and net outflows of $2.1 billion. The average AUM for the quarter stood at $211.2 billion. This financial performance highlights challenges in maintaining AUM amidst market fluctuations.
Lazard Asset Management has launched the Lazard U.S. Convertibles Portfolio, managed by Arnaud Brillois and his team. The fund focuses on U.S. convertible securities, allowing up to 20% in non-convertible securities. Benchmarking against the ICE BofA All U.S. Convertibles Index, the fund aims to provide investors exposure to equity rebounds while mitigating downside risks through its bond component. The investment team manages $6.5 billion across various strategies, employing a rigorous selection process.
Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of
Lazard Asset Management (LAM) has made its first investment in DBE Energy, an anaerobic digestion plant located in Surrey, England. LAM partners with DBE’s management team, holding a majority stake. This investment aims to support the U.K.'s decarbonization and circular economy by generating renewable gas from organic waste. DBE Energy’s facility processes 25,000 tons of waste annually, producing up to 2.3 million cubic meters of biomethane, sufficient to power approximately 700 homes. This move reflects LAM's commitment to sustainable infrastructure investment and growth opportunities in the fragmented AD market.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $221.0 billion as of November 30, 2022. The increase in AUM for the month included $12.1 billion from market appreciation and $4.3 billion due to foreign exchange. Additionally, net inflows amounted to $0.1 billion. The AUM figures reflect a significant rise from $204.6 billion reported on October 31, 2022.
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.
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