# Lazard

> Lazard is a publicly traded financial advisory and asset management firm serving companies, governments, institutional investors and wealthy families. Its advisory business focuses on M&A, financing, restructuring and strategic questions without operating as a lender or proprietary trader. Its investment businesses manage equity, fixed-income, multi-asset and alternative strategies worldwide.

- **Founded:** 1848
- **Headquarters:** New York, United States
- **Founders:** Alexandre Lazard (Co-founder), Lazare Lazard (Co-founder), Simon Lazard (Co-founder)
- **Products:** M&A and Strategic Advisory, Capital Markets Advisory, Restructuring & Liability Management, Specialized Advisory, Lazard Asset Management
- **Notable:** Public listing in 2005, after the formerly separate Lazard houses united in 2000., Felix Rohatyn played a significant role in New York City’s 1975 financial rescue., Financial Advisory reported record annual revenue in 2025.

## Products & services

- **M&A and Strategic Advisory** — Acquisitions, divestitures, mergers, cross-border transactions, separations, takeover defense and independent-board advice.
- **Capital Markets Advisory** — Independent advice on equity and debt financing, capital structure, IPOs, private fundraising and growth capital.
- **Restructuring & Liability Management** — Company and creditor advice on distressed debt, out-of-court exchanges, recapitalizations, bankruptcy and asset sales.
- **Specialized Advisory** — Sovereign and geopolitical advice, shareholder analysis and activism defense.
- **Lazard Asset Management** — Research-led active investment strategies for institutional and individual investors; New York institutional asset management business established in 1970.
- **Lazard Frères Gestion** — French institutional and private-client investment management spanning equities, bonds, multi-asset and alternatives. Separate subsidiary established in 1995.
- **Lazard Private Wealth Management** — Investment management, strategic advice and wealth planning for families.
- **Lazard CL** — Planned combination of Lazard private capital advisory and Campbell Lutyens, covering fund placement, secondaries and GP capital advisory; October 22 results anticipate an early-November 2026 launch.

## Achievements

- Public listing in 2005, after the formerly separate Lazard houses united in 2000.
- Felix Rohatyn played a significant role in New York City’s 1975 financial rescue.
- Financial Advisory reported record annual revenue in 2025.
- Reported AUM of approximately US$284.0 billion at September 30, 2026.
- Q3 2026 net revenue of US$814 million, up 9% year over year, alongside GAAP net income of US$29 million, down 59%.

## Latest updates

- **2026-10** — October 22: Q3 results reported US$814 million net revenue and US$29 million GAAP net income. Lazard CL launch anticipated in early November.
- **2026-10** — October 19: David Krap announced as Managing Director and Co-Head of European Consumer, Retail & Leisure.
- **2026-10** — October 12: preliminary September AUM reported at approximately US$284.0 billion; subsequently reported in Q3 results.
- **2026-10** — October 9: Peter Orszag discussed AI, leaner deal teams and junior banker development on Bloomberg Money.
- **2026-04** — April 30: agreement to acquire Campbell Lutyens for approximately US$575 million plus up to US$85 million of contingent consideration.

## Links

- Website: https://www.lazard.com/
- LinkedIn: https://www.linkedin.com/company/lazard/
- Twitter/X: https://twitter.com/Lazard
- YouTube: https://www.youtube.com/channel/UC5kvy5orZCGN55qOvoGk7ug
- Instagram: https://www.instagram.com/lazard/
- Facebook: https://facebook.com/LazardLtd/

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Profile page: https://yespress.io/lazard
Published by YesPress — https://yespress.io
Last updated: 2026-10-22