Lazard is a leading global financial advisory and asset management firm
- Kommu .
- May 8
- 2 min read
Overview of Lazard
Lazard is a leading global financial advisory and asset management firm, recognized for its excellence, integrity, and innovation in serving clients worldwide236. Founded in 1848, the firm has evolved from its origins as a dry goods merchant in New Orleans into the world’s largest independent investment bank, with principal executive offices in New York City, Paris, and London67.
Core Businesses
Financial AdvisoryLazard provides a comprehensive range of financial advisory services, including:
Mergers and acquisitions (M&A)
Capital markets and capital solutions
Restructuring and liability management
Geopolitical and strategic advisory
Sovereign advisory for governments and sovereign entities
These services are delivered to corporations, partnerships, institutions, governments, and individuals, often involving complex, cross-border transactions367.
Asset ManagementLazard’s asset management division offers investment management and financial advisory services to a global client base, including:
Institutional clients (corporations, pension funds, endowments, foundations, insurance companies, banks)
Financial intermediaries
Private clients (family offices, high-net-worth individuals)
The firm manages a broad spectrum of asset classes and strategies, including equities, fixed income, real assets, multi-asset, and alternative investments. As of 2024, Lazard managed approximately $226 billion in assets under management (AUM)467.
Global Presence
Lazard operates from 41 cities across 26 countries, with offices in major financial centers such as New York, Paris, London, Hong Kong, Tokyo, Sydney, Dubai, and São Paulo67. This global footprint enables Lazard to serve clients with local expertise and international reach.
Financial Highlights (2024)
Revenue: $3.05 billion
Operating Income: $386 million
Net Income: $280 million
Total Assets: $4.79 billion
Total Equity: $636 million
Employees: 3,2636
Company Culture and Values
Lazard emphasizes a culture of client service, intellectual freedom, and diversity. The firm values independent thinking, rigorous analysis, and a commitment to delivering bespoke solutions tailored to each client’s needs137. Lazard’s long-term relationships and discretion are hallmarks of its client approach.
History and Legacy
Founded by the Lazard brothers in 1848, the firm quickly expanded internationally, establishing offices in San Francisco, Paris (1854), and London (1870)67. Over generations, Lazard has played a pivotal role in shaping modern financial advisory and asset management practices, notably in the development of the M&A market after World War II.
Contact and Further Information
Lazard remains a public company listed on the New York Stock Exchange since 2005 and continues to be partly owned by its associates and employees, reflecting its commitment to independence and client-centric service7.
Lazard stands out as a global leader in financial advisory and asset management, with a rich heritage, a strong reputation for excellence, and a forward-looking approach to serving clients across the world236.
Citations:
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