Lazard Ltd

News and overview for Lazard Ltd

Simon hires Lazard for General Growth bid: sources
Reuters | 6 days 2 hours 29 minutes ago
NEW YORK (Reuters) - Mall firm Simon Property Group Inc (SPG.N) has hired investment adviser Lazard Ltd and law firm Wachtell Lipton Rosen & Krantz to help it formulate a strategy for possibly bidding for all or part of bankrupt rival General Growth Properties Inc (GGWPQ.PK), according to people familiar with the matter.


Simon hires Lazard for General Growth-WSJ
Reuters | 6 days 3 hours 29 minutes ago
NEW YORK, Nov 17 (Reuters) - Mall firm Simon Property Group Inc (SPG.N) has hired investment adviser Lazard Ltd to help it formulate a strategy for possibly bidding for all or part of rival General Growth Properties Inc (GGWPQ.PK), which is operating under Chapter 11 protection, the Wall Street Journal reported on Tuesday.


Simon hires Lazard for General Growth bid--sources
Reuters | 6 days 2 hours 26 minutes ago
NEW YORK, Nov 17 (Reuters) - Mall firm Simon Property Group Inc (SPG.N) has hired investment adviser Lazard Ltd and law firm Wachtell Lipton Rosen & Krantz to help it formulate a strategy for possibly bidding for all or part of bankrupt rival General Growth Properties Inc (GGWPQ.PK), according to people familiar with the matter.


Simon Property Hires Lazard, Wachtell to Advise on General Growth
Wall Street Journal, The | 6 days 3 hours 38 minutes ago
Mall giant Simon Property Group Inc. has hired investment advisor Lazard Ltd. and law firm Wachtell, Lipton, Rosen & Katz to help it formulate a strategy for possibly bidding for all or part of rival General Growth Properties Inc., which is operating under Chapter 11 protection, according to people familiar with the matter.


Lazard CEO Wasserstein Hospitalized
Wall Street Journal, The | 42 days 23 hours 40 minutes ago
Lazard Ltd. chief executive Bruce Wasserstein was in serious condition Sunday night after being hospitalized with an irregular heartbeat, the investment bank said in a statement, which noted he was "stable and recovering." Additional details about Mr. Wasserstein were scant late Sunday, as a number of his Lazard colleagues were in search of information about the 61-year-old banker.


Lazard Chief Executive Bruce Wasserstein Is Dead at 61 After Falling Ill
Bloomberg | 40 days 3 hours 43 minutes ago
Oct. 14 (Bloomberg) -- Bruce Wasserstein, whose more than 30 years of dealmaking earned him wealth, the envy of his peers and ultimately the top job at Lazard Ltd., has died. He was 61.


Bruce Wasserstein, Lazard CEO, Merger Specialist, Dies at 61 After Illness
Bloomberg | 40 days 46 minutes ago
Oct. 14 (Bloomberg) -- Bruce Wasserstein, whose more than 30 years of dealmaking earned him wealth, the envy of his peers and ultimately the top job at Lazard Ltd., has died. He was 61.


UPDATE 1-Lazard CEO's illness raises concerns on succession
Reuters | 42 days 4 hours 32 minutes ago
NEW YORK, Oct 12 (Reuters) - Lazard Ltd (LAZ.N) Chief Executive Bruce Wasserstein's illness has raised questions about the the M&A advisory firm's leadership and succession plan, sending its shares lower.


UPDATE 3-Lazard stock falls following Wasserstein's death
Reuters | 39 days 8 hours 29 minutes ago
PHILADELPHIA/NEW YORK, Oct 15 (Reuters) - Shares of Lazard Ltd (LAZ.N) fell as much as 5 percent on Thursday following the death of the investment bank's chief executive, legendary Wall Street dealmaker Bruce Wasserstein.


Bruce Wasserstein, star investment banker, dies at age 61
Chicago Tribune | 40 days 2 hours 31 minutes ago
SAN FRANCISCO - (MCT)- Lazard Ltd. Chairman and Chief Executive Officer Bruce Wasserstein, one of the leading investment bankers of the past three decades, is dead at 61.


Lazard CFO: Finding New Leader "Measured And Deliberative"
Wall Street Journal, The | 12 days 12 hours 28 minutes ago
Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Lazard Ltd. (LAZ) Chief Financial Officer Michael J. Castellano said Wednesday the investment bank's board is in the midst of a "measured and deliberative" process of finding a new chief executive, but gave no hints about when any decision will come.


Sector Snap: New ratings on brokerages, exchanges
CNBC | 7 hours 2 minutes ago
NEW YORK - Goldman Sachs analyst Daniel Harris changed the ratings on a slew of brokerages and stock exchanges Monday, citing improvements in mergers and acquisitions and a possible slowdown in fixed income.


Bruce Wasserstein United `Fractious' Lazard Partnership, Ken Costa Says
Bloomberg | 38 days 15 hours 40 minutes ago
Oct. 16 (Bloomberg) -- Bruce Wasserstein's great achievement was to unite Lazard Ltd.'s partnership, according to Ken Costa, London-based chairman of Lazard International.


Lazard Net Tops Views and Signals Resilience
Wall Street Journal, The | 26 days 24 minutes ago
Lazard Ltd. signaled that it remains resilient after posting third-quarter results that beat Wall Street expectations.


BRIEF-Lazard names Kenneth M.Jacobs as Chairman and CEO
Forbes | 6 days 14 hours 17 minutes ago
Nov 17 (Reuters) - Lazard Ltd: * Names Kenneth M.Jacobs as new Chairman and CEO Article Controlsemail





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510 Results

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