Founded in 1848, Lazard has advised on some of the most
significant mergers and acquisitions in Europe and the Americas
since the beginning of the 20th century. The firm's modern history
can be traced to the year 2000, when the "three houses of Lazard"
(based in New York, Paris and London) formally united as one
partnership. The firm went public in 2005 and today is the largest
advisory-focused investment bank, with offices in 42 cities across
27 countries. The firm is led by Kenneth Jacobs, its chairman and
CEO, and employs approximately 2,600 people globally.
Lazard has two main businesses: financial advisory and asset
management (each accounts for approximately 50 percent of the
firm's revenues). The financial advisory unit advises companies,
boards, governments and sovereign entities on M&A transactions,
capital structure, capital raising, restructuring and other
strategic matters. Thanks to its extensive and deeply rooted global
network, Lazard is known for advising on large, complex and
Lazard's asset management business offers a broad range of
investment management services across traditional and alternative
strategies in equity and fixed income to corporations, public
funds, sovereign entities, endowments and foundations, labor funds,
financial intermediaries, and private clients. Lazard has assets
under management of more than $180 billion.