Infobox Company
company_name = Lazard
company_type = Public (nyse|LAZ)
foundation = 1848, New Orleans, LA
location = flagicon|United States|size=20px New York City, USA
key_people = Bruce Wasserstein,
Chairman and CEO
num_employees = 2,400 (2007)
industry = Investment Services
products = Financial Services
Investment Banking
Investment Management
revenue = profit $2.05 billion USD (2007)
net_income = profit $155.04 million USD (2007)
homepage = []

__NOTOC__Lazard Ltd. (nyse|LAZ) is the parent company of Lazard LLC, a New York-based, independent investment bank with approximately 2,400 employees in 41 cities across 24 countries throughout Europe, North America, Asia and Australia. With origins dating back to 1848, the firm provides advice on mergers and acquisitions, restructuring and capital raising, as well as asset management services to corporations, partnerships, institutions, governments, and individuals. Lazard remained privately held until May 5, 2005, when the company conducted an initial public offering of its shares. In connection with its IPO, Lazard spun off its securities underwriting business, Lazard Capital Markets, which is now an independent firm.

Business Overview

Financial Advisory

Lazard’s history as a preeminent financial advisor has contributed to its ability to secure key advisory roles in some of the most important, complex and recognizable mergers and acquisitions of the last 75 years. In recent years, Lazard has advised on nearly 1,000 completed mergers and acquisitions, having a cumulative value in excess of $1 trillion. Lazard has also advised on some of the largest and highest-profile corporate restructurings around the world. Since 1999, the firm has advised on more than 100 in- and out-of-court restructurings totaling over $300 billion of debt. In 2006, "Businessweek" profiled the firm's Chairman & CEO Bruce Wasserstein, and referred to the firm as the "Granddaddy of M&A". []

Asset Management

Lazard's asset management business provides investment management and advisory services to institutional clients, financial intermediaries, private clients, and investment vehicles around the world. The goal of Lazard's asset management business is to produce superior risk-adjusted investment returns and provide customized investment solutions for clients. As of June 30, 2008, total assets under management were $134.1 billion, managed on behalf of institutional (corporations, labor unions, public pension funds, endowments, foundations, insurance companies and banks; and through sub-advisory relationships, mutual fund sponsors, broker-dealers and registered advisors) and individual clients (principally family offices and high-net worth individuals).

Office Locations

Board of Directors


*cite book |author=Cohan, William D. |title=The Last Tycoons: The Secret History of Lazard Frères & Co. |publisher=Doubleday |location=New York |year=2007 |id=ISBN 0-385-51451-4
*cite book |last=Geisst |first=Charles R |title=The Last Partnerships: Inside the Great Wall Street Money Dynasties |publisher=McGraw-Hill |location=New York |year=2001 |id=ISBN 0-071-36999-6
*cite book |last=Reich |first=Cary |title=Financier: The Biography of André Meyer: A Story of Money, Power, and the Reshaping of American Business |publisher=William Morrow & Co. |location=New York |year=1983 |id=ISBN 0-688-01551-4

External Links

* [ Lazard Homepage]
* [ Lazard Asset Management]

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