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) has declared a quarterly dividend of $0.47 per share, payable on May 20, 2022, to stockholders of record on May 9, 2022. This announcement underscores the company's commitment to returning value to its shareholders. Operating from 40 cities across 25 countries, Lazard is a leading financial advisory and asset management firm, established in 1848, providing a range of services including mergers and acquisitions advice, restructuring, and capital raising.
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Lazard Ltd (NYSE: LAZ) will announce its first-quarter 2022 results on April 28, 2022. The announcement will be available on Lazard's website. Following the release, a conference call will occur at 8:00 a.m. EDT to discuss the results. Investors can access the call via live audio or by dial-in. A replay will be available starting at 10:00 a.m. EDT on the same day. Lazard, a leading financial advisory and asset management firm, operates globally, providing services in mergers and acquisitions, restructuring, and capital raising among others.
Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) as of March 31, 2022, totaling $252.7 billion. The AUM was affected by $2.4 billion in market appreciation, $1.0 billion in foreign exchange depreciation, and net outflows of $0.3 billion. The average AUM for the quarter ended March 31, 2022, was $256.4 billion. The report reflects ongoing management strategies amidst market fluctuations and presents a mixed outlook as AUM was slightly up compared to $251.6 billion in February.
Lazard Ltd (NYSE: LAZ) announced that Evan L. Russo, CFO, will succeed Ashish Bhutani as the CEO of its Asset Management business effective June 1, 2022. Bhutani will step down to focus on philanthropic interests while remaining Chairman of Asset Management until year-end. Russo has been with Lazard since 2007 and has significantly contributed to its financial capabilities. Additionally, Alexander F. Stern, President since 2019, will retire at year-end but continue as Executive Chairman of Lazard Growth Acquisition Corp. I.
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Lazard Ltd (NYSE: LAZ) reported a preliminary assets under management (AUM) total of approximately $251.6 billion as of February 28, 2022. This figure reflects a market depreciation of $5.3 billion, net outflows of $2.1 billion, and foreign exchange appreciation of $0.3 billion. AUM is broken down into equity at $200.1 billion, fixed income at $44.9 billion, and other at $6.5 billion. The previous total AUM as of January 31, 2022 was $258.7 billion.
Lazard Ltd (NYSE: LAZ) has appointed Emilio Mahuad as the new Chief Executive Officer for its Mexico Financial Advisory business, effective immediately. With over 20 years in investment banking, Mahuad brings a wealth of experience and a strong network in Latin America. He previously led Global Banking operations at UBS in Mexico and advised on transactions exceeding $50 billion. His leadership is expected to enhance Lazard's performance in the Mexican market. Lazard continues to be a key player in financial advisory across the Americas.
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Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $258.7 billion as of January 31, 2022. This figure reflects market depreciation of $9.5 billion, net outflows of $4.1 billion, and foreign exchange depreciation of $1.5 billion. In comparison, AUM at the end of December 2021 was $273.7 billion, indicating a decline in total assets.