Lazard Reports Fourth-quarter and Full-year 2024 Results
Lazard, Inc. (
NYSELAZ) today reported net revenue of $817 million and adjusted net revenue1 of $812 million for the quarter ended December 31, 2024. For the full year of 2024, Lazard reported net revenue of $3,052 million and adjusted net revenue1 of $2,890 million.
Lazard Declares Quarterly Dividend of $0.50 Per Share
Lazard, Inc. (
NYSELAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on February 21, 2025, to stockholders of record on February 10, 2025.
Lazard Reports December 2024 Assets Under Management
Lazard, Inc. (
NYSELAZ) reported today that its preliminary assets under management (“AUM”) as of December 31, 2024 totaled approximately $226.3 billion. The month’s AUM included net outflows of $4.5 billion, foreign exchange depreciation of $2.5 billion and market depreciation of $1.1 billion. Outflows included $3.3 billion from two concentrated sub-advisory relationships. Preliminary average AUM for the quarter ended December 31, 2024 was $233.8 billion.
Lazard to Announce Fourth-Quarter and Full-Year 2024 Financial Results
Lazard, Inc. (
NYSELAZ) will announce its fourth-quarter and full-year 2024 financial results in a press release to be issued Thursday morning, January 30, 2025. The press release will be available in the News & Announcements section of Lazard’s website at www.lazard.com.
Lazard Hires Stephen Finkel as Managing Director and Global Head of Sports Advisory
Lazard, Inc. (
NYSELAZ) today announced that Stephen Finkel joined the firm as a Managing Director and Global Head of Sports Advisory, based in New York.
Lazard, Inc. Announces Results of Consent Solicitation and Offer to Guarantee Lazard Group LLC Senior Notes
Lazard, Inc. (
NYSELAZ) (“Lazard”) today announced that, in connection with its previously announced consent solicitation and offer to guarantee for Lazard Group LLC (a wholly owned subsidiary of Lazard) (“Lazard Group”) senior notes, it has received the required consents from the holders of the outstanding Lazard Group senior notes listed below (collectively, the “Notes”) to adopt the proposed amendments to the indenture, dated as of May 10, 2005 (as amended and supplemented from time to time, the “Indenture”), between Lazard Group and The Bank of New York Mellon, governing the Notes.
Lazard Reports November 2024 Assets Under Management
Lazard, Inc. (
NYSELAZ) reported today that its preliminary assets under management (“AUM”) as of November 30, 2024 totaled approximately $234.4 billion. The month’s AUM included market appreciation of $3.0 billion, net outflows of $2.3 billion and foreign exchange depreciation of $2.2 billion.
Lazard, Inc. Commences Consent Solicitation and Offer to Guarantee for Lazard Group LLC Senior Notes
Lazard, Inc. (
NYSELAZ) (“Lazard”) today announced that it has commenced a consent solicitation to certain proposed amendments to the indenture, dated as of May 10, 2005 (as amended and supplemented from time to time, the “Indenture”), between Lazard Group (a wholly owned subsidiary of Lazard) (“Lazard Group”) and The Bank of New York Mellon, governing the following outstanding series of senior notes of Lazard Group (all such series, collectively, the “Notes”):
Lazard Appoints Dan Schulman as Lead Independent Director and Peter R. Orszag as Chairman of the Board
Lazard, Inc. (
NYSELAZ) today announced that Dan Schulman, Board Member, has been appointed Lead Independent Director to succeed Richard D. Parsons, who remains on the Board, and that Peter R. Orszag, Lazard CEO and Board Member, has been appointed Chairman of the Board, effective January 1, 2025.
Lazard Chief Executive Officer Peter R. Orszag to Speak at the 2024 Goldman Sachs U.S. Financial Services Conference
Lazard, Inc. (
NYSELAZ) announced today that Peter R. Orszag, Chief Executive Officer, is scheduled to participate in a fireside chat at the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, December 10, 2024, at 9:20 a.m. EST.
Lazard Hires Jennifer Tedesko as Managing Director; Expands Private Capital Advisory Business on West Coast
Lazard, Inc. (
NYSELAZ) today announced that Jennifer (Jen) Tedesko joined the firm as a Managing Director within the Private Capital Advisory (PCA) business, based in San Francisco.
Lazard Reports October 2024 Assets Under Management
Lazard, Inc. (
NYSELAZ) reported today that its preliminary assets under management (“AUM”) as of October 31, 2024 totaled approximately $235.8 billion. The month’s AUM included market depreciation of $4.4 billion, foreign exchange depreciation of $4.2 billion and net outflows of $3.3 billion.
Lazard Reports Third-Quarter and Nine-Month 2024 Results
Lazard, Inc. (
NYSELAZ) today reported net revenue of $785 million and adjusted net revenue1 of $646 million for the quarter ended September 30, 2024. For the first nine months of 2024, Lazard reported net revenue of $2,235 million and adjusted net revenue1 of $2,077 million.
Lazard Declares Quarterly Dividend of $0.50 Per Share
Lazard, Inc. (
NYSELAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on November 15, 2024, to stockholders of record on November 8, 2024.
Lazard Announces Redemption of 3.750% Senior Notes Due February 13, 2025 Issued by Lazard Group LLC
Lazard, Inc. (
NYSELAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) will redeem all of the issued and outstanding 3.750% Senior Notes due February 13, 2025 (the “Notes”) on December 12, 2024 (the “Redemption Date”). The Notes were issued pursuant to the Indenture, dated as of May 10, 2005 (as amended, the “Indenture”), between Lazard Group and The Bank of New York Mellon, as trustee, and have an aggregate principal amount outstanding of $164,347,000.
Lazard to Announce Third-Quarter and Nine-Month 2024 Financial Results
Lazard, Inc. (
NYSELAZ) will announce its third-quarter and nine-month 2024 financial results in a press release to be issued Thursday morning, October 31, 2024. The press release will be available in the News & Announcements section of Lazard’s website at www.lazard.com.
Lazard Reports September 2024 Assets Under Management
Lazard, Inc. (
NYSELAZ) reported today that its preliminary assets under management (“AUM”) as of September 30, 2024 totaled approximately $247.7 billion. The month’s AUM included market appreciation of $3.0 billion, foreign exchange appreciation of $1.5 billion and net outflows of $1.3 billion. Preliminary average AUM for the quarter ended September 30, 2024 was $246.0 billion.
Lazard Reports August 2024 Assets Under Management
Lazard, Inc. (
NYSELAZ) reported today that its preliminary assets under management (“AUM”) as of August 31, 2024 totaled approximately $244.3 billion. The month’s AUM included net outflows of $7.5 billion, market appreciation of $2.8 billion and foreign exchange appreciation of $3.0 billion. Gross outflows included approximately $7 billion from one client that restructured its developed market assets into passive strategies.
Robert Forsyth Joins Lazard Asset Management as Global Head of ETFs
Lazard Asset Management is pleased to announce that Robert Forsyth has joined the firm as Managing Director and Global Head of ETFs. Based in New York, Mr. Forsyth will drive the development and expansion of Lazard’s active ETF platform.
Lazard Reports July 2024 Assets Under Management
Lazard, Inc. (
NYSELAZ) reported today that its preliminary assets under management (“AUM”) as of July 31, 2024 totaled approximately $246.1 billion. The month’s AUM included net outflows of $3.6 billion, market appreciation of $3.5 billion and foreign exchange appreciation of $1.5 billion.
Lazard Reports Second-Quarter and First-Half 2024 Results
Lazard, Inc. (
NYSELAZ) today reported both net revenue and adjusted net revenue1 of $685 million for the quarter ended June 30, 2024, and net revenue of $1,450 million and adjusted net revenue1 of $1,431 million for the first half of 2024.
Lazard Declares Quarterly Dividend of $0.50 Per Share
Lazard, Inc. (
NYSELAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on August 16, 2024, to stockholders of record on August 5, 2024.
Lazard Reports June 2024 Assets Under Management
Lazard, Inc. (
NYSELAZ) reported today that its preliminary assets under management (“AUM”) as of June 30, 2024 totaled approximately $244.7 billion. The month’s AUM included market appreciation of $2.5 billion, net outflows of $1.4 billion and foreign exchange depreciation of $1.4 billion. Preliminary average AUM for the quarter ended June 30, 2024 was $245.3 billion.
Lazard to Announce Second Quarter and First-Half 2024 Financial Results
Lazard, Inc. (
NYSELAZ) will announce its second quarter and first-half 2024 financial results in a press release to be issued Thursday morning, July 25, 2024. The press release will be available in the News & Announcements section of Lazard’s website at www.lazard.com.
Ali Syed Joins Lazard as Head of Sovereign and Pension Fund Coverage
Lazard, Inc. (
NYSELAZ) announced today that Ali Syed has joined the firm as Managing Director and Head of Sovereign and Pension Fund Coverage.
