Lazard Ltd
News and overview for Lazard Ltd
Lazard names Jacobs new CEO - MarketWatch
MarketWatch | 5 days 21 hours 25 minutes ago
Jacobs was formerly CEO of Lazard North America. Interim CEO Steve Golub will continue as vice chairman and chairman of Lazard's financial advisory group.
Lazard names new chief - MarketWatch
MarketWatch | 5 days 22 hours 8 minutes ago
LAZ
Lazard feels the void left by Wasserstein MarketWatch First Take - MarketWatch
MarketWatch | 12 days 19 hours 25 minutes ago
That struggle is becoming public as three frontrunners have emerged to take leadership of the firm. Ken Jacobs, Gary Parr and Steve Golub, all senior executives, have emerged as candidates to share power in a multi-headed management structure at Lazard, according to the New York Post. See full story.
Lazard CEO Wasserstein hospitalized - MarketWatch
MarketWatch | 42 days 2 hours 19 minutes ago
The firm characterized Wasserstein's condition as serious, but added that he is stable and recovering.
Lazard CEO Wasserstein dies, WSJ reports - MarketWatch
MarketWatch | 39 days 15 hours ago
Spokeswomen at the investment bank didn't immediately respond to phone calls and an email seeking comment.
Lazard CEO Wasserstein is dead, WSJ reports - MarketWatch
MarketWatch | 39 days 15 hours 17 minutes ago
U.S. stock rally propels Dow above 10,000
Lazard Names Kenneth M. Jacobs Chairman and Chief Executive Officer [Press Release]
Business Wire | 5 days 22 hours 32 minutes ago
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has appointed Kenneth M. Jacobs, age 51, as Chairman of the Board of Directors and Chief Executive Officer, effective immediately. Mr. Jacobs, formerly Chief Executive Officer of Lazard North America, succeeds Lazard Chairman and CEO Bruce Wasserstein, age 61, who passed away October 14, 2009.
Lazard Ltd Reports Third-Quarter and Nine-Month 2009 Results [Press Release]
Business Wire | 26 days 32 minutes ago
Lazard Ltd (NYSE: LAZ) today announced financial results for the third quarter and first nine months ended September 30, 2009. Net income(c) on a fully exchanged basis was $52.5 million, or $0.41 per share (diluted), for the third quarter of 2009, compared to $54.8 million, or $0.44 per share (diluted), for the third quarter of 2008, and compared to $43.1 million, or $0.34 per share (diluted), for the second quarter of 2009. Net income on a fully exchanged basis was $65.9 million, or $0.53 pe...
Lazard names longtime company insider Kenneth Jacobs to succeed Wasserstein as CEO, chairman
Hartford Courant (Conn.), The | 5 days 18 hours 27 minutes ago
Lazard Ltd. on Tuesday appointed Kenneth M. Jacobs as CEO and chairman, choosing a longtime executive at the investment advisory firm to fill vacancies from last month's sudden death of Chairman and CEO Bruce Wasserstein.
Lazard Names Wasserstein s Successor
Wall Street Journal, The | 5 days 18 hours 53 minutes ago
Lazard has found its new CEO. The Wall Street firm named Kenneth M. Jacobs as chairman and chief executive, promoting the leader of its North American banking effort after the death of Bruce Wasserstein.
Michael J. Castellano, Chief Financial Officer, Lazard, to Present at Keefe, Bruyette & Woods 2009 Securities Brokerage & Market Structure Conference on November 5, 2009 [Press Release]
Business Wire | 20 days 13 hours 39 minutes ago
Michael J. Castellano, Chief Financial Officer of Lazard Ltd (NYSE: LAZ), is scheduled to deliver a presentation at the Keefe, Bruyette & Woods 2009 Securities Brokerage & Market Structure Conference on Thursday, November 5, 2009, at 8:45 a.m. EST.
Michael J. Castellano, Chief Financial Officer, Lazard, to Present at the Bank of America Merrill Lynch Banking & Financial Services Conference on November 11, 2009 [Press Release]
Business Wire | 13 days 21 hours 32 minutes ago
Michael J. Castellano, Chief Financial Officer of Lazard Ltd (NYSE: LAZ), is scheduled to deliver a presentation at the Bank of America Merrill Lynch Banking & Financial Services Conference on Wednesday, November 11, 2009, at 8:00 a.m. EST.
Lazard Shares Up After Naming CEO
TheStreet.com | 5 days 17 hours 9 minutes ago
NEW YORK (TheStreet) -- Lazard Ltd.(LAZ Quote) shares rose in early afternoon trades Tuesday after the company named longtime insider Kenneth Jacobs to the chairman and CEO posts.
Lazard to Announce Third-Quarter and Nine-Month 2009 Results [Press Release]
Business Wire | 37 days 22 hours 32 minutes ago
Lazard Ltd (NYSE: LAZ) will announce its third-quarter and nine-month 2009 results in a news release to be issued before the opening of The New York Stock Exchange on Wednesday, October 28, 2009.
Lazard CEO Bruce Wasserstein dies at 61
Boston Globe, The | 39 days 5 hours 19 minutes ago
Bruce Wasserstein, the CEO of Lazard Ltd. and a prominent Wall Street dealmaker who helped negotiate some of the largest corporate takeovers in history, died Wednesday. He was 61. The death of the driving force behind Lazard raises questions about the future of one of Wall Street's top mergers and acquisitions advisory firms.
Company Overview
| Company: | Lazard Ltd |
|---|---|
| Industry: | Large-Market Investment Banking |
| Website: | http://www.lazard.com |
It's all for one and one for all at Lazard. The venerable firm (dating back to 1848 New Orleans) offers financial advisory (some 60% of sales) and asset management services from offices in some two dozen countries. Lazard provides advice in corporate restructurings and mergers & acquisitions. Industry specialties include consumer, health care, energy, real estate, media, and telecom. Its asset management operations have about $134 billion in assets under management. Lazard provides investment management to primarily institutional clients. Subsidiaries include private equity firm Fonds Partenaires-Gestion, which invests in French companies, and Lazard Frères Banque, which manages Lazard's commercial positions.
Key Numbers
| Sales in U.S. Dollars (mil.) | 1,557.2 (2008) |
|---|---|
| One-year % Growth in Sales | -18.8 (2008) |
| Net Income in U.S. Dollars (mil.) | 3.1 (2008) |
| One-year % Growth in Net Income | -98.0 (2008) |
| Number of Employees | 2,434 (2008) |
| One-year % Growth in Number of Employees | 231.2 (2008) |
| Fiscal Year-End | December |