Lazard Inc. is a leading multinational financial services firm with a dual-focus business model encompassing Financial Advisory and Asset Management. The Financial Advisory segment, which typically generates roughly half of the firm's total revenue (e.g., $360 million in Q1 2026 and $491 million in Q2 2025), provides strategic advice on complex mergers and acquisitions (M&A), capital markets, restructuring, and sovereign advisory matters. The Asset Management segment, which accounts for the remainder of the revenue ($410 million in Q1 2026 and $287 million in Q2 2025), manages hundreds of billions in assets under management (AUM) for institutional and individual clients, offering strategies across global equities, fixed income, and alternative investments. Founded in 1848, Lazard operates globally with principal offices in New York, Paris, and London, and maintains a presence in over 40 cities across 25 countries. Unlike many bulge-bracket competitors, Lazard maintains a pure-play focus on advisory and research-driven asset management without engaging in commercial lending, positioning itself as a premier independent advisor and asset manager.
