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, scheduled for payment on November 19, 2021, to stockholders recorded by November 8, 2021. The firm, with a legacy dating back to 1848, focuses on financial advisory and asset management across 41 cities in 26 countries. Lazard provides essential services in mergers and acquisitions, restructuring, capital raising, and more for various clients, including corporations and governments.
Lazard Ltd (NYSE: LAZ) has published its annual Levelized Cost of Energy Analysis (LCOE 15.0), highlighting the cost-competitiveness of renewable energy technologies. The study indicates that while costs for onshore wind and solar have declined, capital cost inflation and supply chain disruptions may lead to increased future costs. Additionally, the Levelized Cost of Storage Analysis (LCOS 7.0) shows mixed trends due to supply constraints. The Levelized Cost of Hydrogen Analysis (LCOH 2.0) emphasizes hydrogen's potential but notes it remains more expensive than traditional fuels.
Lazard Ltd (NYSE: LAZ) announced the appointment of Luba Kotzeva de Diaz as Managing Director in Investment Banking, effective from November 1, 2021. Based in London, she brings significant expertise in energy transition and renewables, previously serving 22 years at Rothschild & Co, where she specialized in power and infrastructure. This strategic addition aims to strengthen Lazard's European Energy and Renewables Group amid increasing client focus on energy transition. Her extensive international network is expected to enhance Lazard's advisory capabilities in the sector.
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of $0.11512 per share. This distribution is set to be paid on November 22, 2021 to shareholders of record on November 9, 2021, with an ex-dividend date of November 8, 2021. As of September 30, 2021, LAM, the investment manager, managed $272.6 billion in client assets, focusing on equity securities of companies with market capitalizations over $2 billion.
Lazard Ltd (NYSE: LAZ) will announce its third-quarter and nine-month 2021 results on October 29, 2021. The press release will be available on Lazard’s website. A conference call discussing the financial results will take place at 8:00 a.m. EDT on the same day, accessible via live audio webcast or by phone. A replay will be available after 10:00 a.m. EDT. Lazard is a leading financial advisory and asset management firm with operations in 41 cities across 26 countries. Further details can be found on their official website.
Lazard Ltd (NYSE: LAZ) has appointed Spyros Svoronos as Managing Director and Global Head of Chemicals within its Financial Advisory business. This appointment is effective immediately and follows Svoronos' tenure at Credit Suisse, where he led the Global Industrials Group and served as Global Head of Chemicals. Richard Whitney, previously the Global Head of Chemicals, will transition to Vice Chairman of Investment Banking. This strategic move enhances Lazard’s advisory capabilities in the chemicals sector.
William M. Lewis, Jr. has joined Lazard's Board of Directors as of April 29, 2022, while announcing his retirement from the firm on November 12, 2022. Lewis has served as a Managing Director for 17 years, most recently as Chairman of Investment Banking. He will transition to Apollo Global Management as a Senior Partner on November 15. Kenneth M. Jacobs, CEO of Lazard, praised Lewis as an influential investment banker and advisor to high-profile CEOs.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $272.6 billion as of September 30, 2021. This figure includes $6.3 billion in market depreciation, $2.6 billion in foreign exchange depreciation, and $1.3 billion in net outflows. The average AUM for the quarter was $277.9 billion. In comparison, AUM was $282.8 billion at the end of August 2021.
The report highlights a decline in AUM owing to various market factors and outflows.
Lazard Ltd (NYSE: LAZ) has announced the recruitment of Andrew Sweet as a Managing Director in their Charlotte office, focusing on the Industrials Group. Sweet, who has over 15 years of experience in M&A, private capital raising, and public financing, previously held positions at Stephens, Inc. and Hyde Park Capital. The firm, which operates in 41 cities worldwide, continues to enhance its advisory services to clients across various sectors.
Lazard Ltd (NYSE: LAZ) has appointed Medha Chadha and Jason Schoenholtz as Managing Directors in Financial Advisory, focusing on healthcare clients. Ms. Chadha will lead capital markets advisory, leveraging 16 years of equity capital markets experience, particularly in biotech. Mr. Schoenholtz, with nearly two decades in healthcare investment banking, will enhance the team's expertise in healthcare services. This strategic expansion aims to improve Lazard’s advisory capabilities in the healthcare sector.