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Lazard Ltd is a global financial advisory and asset management firm with a rich history dating back to 1848. Based in New York, it offers a wide range of services including mergers and acquisitions, capital markets advice, strategic advisory, and restructuring for various clients like corporations, governments, and individuals. Additionally, Lazard provides investment solutions and wealth management services across equity, fixed income, and alternative investments to a diverse client base, including public funds and private clients.
Lazard's asset management division posted record AUM and best first-half net inflows in 20 years, but a 69.7% tax rate from an equity award catch-up sank earnings 66% below expectations despite a 9.8% revenue beat.
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