Rosalie Berman Joins Lazard Asset Management
Lazard Asset Management (LAM) has announced the appointment of Rosalie Berman as Managing Director, Business Strategy, reporting to CEO Evan Russo. Berman will drive the firm's go-to-market strategy and lead key business initiatives. Russo highlights that Berman's strategic and operational expertise will support LAM's growth and product launch efforts. Berman joins from Morgan Stanley Wealth Management, where she led the go-to-market strategy for E*Trade tools post-acquisition. She has extensive experience in developing business strategies and delivering strong investment outcomes. Berman holds a bachelor's degree from Tufts University and previously worked at Citigroup and Smith Barney. She expressed excitement about joining LAM and contributing to its strategic goals and client solutions.
- Rosalie Berman brings 15 years of leadership experience from Morgan Stanley Wealth Management.
- Berman will drive LAM's go-to-market strategy and lead key business initiatives.
- CEO Evan Russo emphasizes Berman's strategic and operational strengths.
- Berman has a track record of launching products and meeting strategic objectives.
- LAM aims to grow its business and deliver strong results for clients.
- No mention of immediate financial impact or specific growth projections related to Berman's appointment.
- Potential risks as strategic changes might take time to yield results.
“Over the past year, we have put a strategy in place to grow our business and deliver strong results for our clients,” said Evan Russo. “By bringing Rosalie to the firm, we are introducing a strategic thinker and operator who has demonstrated over the course of her career an ability to set strategic objectives and mobilize resources to effectively meet them. Rosalie’s background and experience will help propel our efforts to launch products across channels and execute against our goals.”
Ms. Berman joins LAM from Morgan Stanley Wealth Management, where she spent the last 15 years in various leadership roles. She was most recently Head of Client Engagement, Corporate & Institutional Solutions, where she led the go-to-market strategy for tools on the E*Trade platform, following its acquisition by Morgan Stanley. Over the course of her career at Morgan Stanley, she held various roles developing and guiding strategy to build businesses and operations that serve clients effectively while delivering strong investment outcomes. Prior to joining Morgan Stanley, Ms. Berman held roles at Citigroup and Smith Barney. She holds a bachelor’s degree from Tufts University.
Ms. Berman said, “I’m delighted to be joining Lazard Asset Management, to work with the LAM leadership team. Across the industry, clients are facing unprecedented challenges in navigating the markets and the needs of their end investors. Lazard’s reputation among clients and its track record of performance helps position the firm as an effective solutions provider. I’m eager to work with the team to help the firm execute on its strategy and bring a more robust set of solutions to clients.”
AM - LAZ
About Lazard Asset Management
Lazard Asset Management, a subsidiary of Lazard, Inc. (NYSE: LAZ), offers a range of equity, fixed income, and alternative investment products worldwide. As of April 30, 2024, Lazard’s asset management businesses managed approximately
View source version on businesswire.com: https://www.businesswire.com/news/home/20240603026143/en/
Media:
Aziz Nayani, +1 212 632 6042
aziz.nayani@lazard.com
Zoe Butt, +44 7586 712 663
zoe.butt@lazard.com
Source: Lazard Asset Management
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