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, Inc. (NYSE: LAZ) reported its April 2024 Assets Under Management (AUM) at approximately $240.8 billion, with market depreciation of $4.4 billion, net outflows of $3.6 billion, and foreign exchange depreciation of $1.6 billion. The breakdown shows Equity at $187,582 million, Fixed Income at $45,399 million, and Other at $7,824 million.
Lazard, Inc. announced Michele Colocci joining as Vice Chairman, Investment Banking and Managing Director, Healthcare on June 3, 2024. With extensive experience in healthcare investment banking, Colocci's appointment aims to strengthen Lazard's global healthcare franchise. Lazard's EMEA business accounted for 40% of financial advisory revenues, showcasing its growth trajectory.
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