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. reports developments in financial advisory and asset management, its two recurring business lines. The firm provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, while its asset management business offers investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals.
Recurring LAZ news includes quarterly operating results, monthly assets-under-management updates with flow, market, foreign-exchange and asset-class detail, common-stock dividend declarations, additions to advisory sector groups, and strategic updates for the global platform. Coverage also reflects the firm’s operations in North and South America, Europe, the Middle East, Asia and Australia.
Lazard Ltd (NYSE: LAZ) reported a preliminary total of $216.6 billion in assets under management (AUM) as of June 30, 2022. The AUM reflects a decline due to market depreciation of $13.1 billion, foreign exchange losses of $3.7 billion, and net outflows totaling $2.5 billion. The average AUM for Q2 2022 was $225.7 billion, compared to $235.9 billion in May 2022.
Lazard Ltd (NYSE: LAZ) has appointed Ajay Dhankhar as Managing Director in the Healthcare Group of Financial Advisory, effective immediately. Mr. Dhankhar will act as Global Head of Medical Technology, Diagnostics, and Tools, advising clients in biopharmaceuticals and healthcare technology. With over 50 major transactions under his belt, he join from McKinsey & Company, enhancing Lazard's advisory capabilities in a growing healthcare sector.
Lazard Ltd (NYSE: LAZ) has appointed Bryce Dakin as a Managing Director in its Technology Group within Financial Advisory, effective immediately. Based in San Francisco, Dakin brings nearly three decades of experience in the semiconductor and applied technologies sectors, enhancing Lazard's service offerings. Previously, he served as Global Head of Technology Corporate Advisory at Greenhill and has a background at GCA, SoundView Technology Group, and Montgomery Securities. His expertise and extensive relationships are expected to strengthen Lazard's technology coverage.
Lazard Ltd (NYSE: LAZ) has appointed Slava Brin as a Managing Director in the Telecom, Media & Entertainment Group within Financial Advisory, effective immediately. Based in New York, Brin specializes in communications and internet infrastructure, particularly in M&A, debt, and principal investing. He joins from Truist Securities and has also worked at Evercore, contributing extensively to notable M&A transactions. This strategic addition aims to strengthen Lazard's focus on digital infrastructure.
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Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) as of May 31, 2022, totaling approximately $236.0 billion. The AUM reported includes foreign exchange appreciation of $1.4 billion, market depreciation of $1.1 billion, and net outflows of $1.0 billion during the month. As of April 30, 2022, AUM was $236.6 billion. The firm's AUM consists of $187.1 billion in equity, $42.1 billion in fixed income, and $6.7 billion in other assets.
Lazard Ltd (NYSE: LAZ) announced that Kenneth M. Jacobs, Chairman and CEO, will participate in a moderated Q&A session at the Morgan Stanley U.S. Financials, Payments & CRE Conference on Tuesday, June 14, at 8:00 a.m. EDT. A live audio webcast will be available on the Lazard Investor Relations website, with a replay uploaded shortly after the conference.
Lazard, established in 1848, is a leading financial advisory and asset management firm operating in 40 cities across 25 countries, providing services such as mergers and acquisitions advice, restructuring, and capital raising.
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Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) as of April 30, 2022, totaling approximately $236.6 billion. This figure includes market depreciation of $9.0 billion, foreign exchange depreciation of $5.9 billion, and net outflows amounting to $1.2 billion.
The previous month's AUM was $252.7 billion, showing a significant decline.
Lazard Ltd (NYSE: LAZ) reported a strong performance for Q1 2022, with operating revenue reaching $699 million, an 8% increase from the previous year. Adjusted net income rose to $115 million, or $1.05 per share, a 13% increase year-over-year. Notably, the Financial Advisory segment performed well, generating $388 million, up 22%. Despite challenges in Asset Management, which saw a 5% revenue decline, the firm returned $281 million to shareholders through dividends and share repurchases. Lazard remains well-positioned for future growth amid market volatility.