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Lazard Ltd. (LAZ)

On Nov 24: 39.31 USD   0.00 (0.00%)  
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Lazard Ltd.
2 Church Street
Hamilton,  HM 11
Phone: 441-295-1422
Fax: 441-292-4720
Web Site: http://www.lazard.com

DETAILS
Index Membership: N/A
Sector: Financial
Industry: Asset Management
Employees (last reported count): 2,410

BUSINESS SUMMARY
Lazard, Ltd., through its subsidiaries, operates as a financial advisory and asset management firm worldwide. The company operates primarily in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers a range of services regarding mergers and acquisitions, restructurings, and various other corporate finance matters, which include evaluating potential acquisition targets, providing valuation analyses, evaluating and proposing financial and strategic alternatives, rendering opinions, assisting in the determination of an appropriate capital structure, and evaluating and recommending financial and strategic alternatives. This segment primarily serves financial institutions; financial sponsors; healthcare and life sciences; industrial, power, and energy; real estate; and technology, media, and telecommunications industries. The Asset Management segment manages equity and fixed income securities, and merchant banking funds, as well as offers cash management and alternative investment strategies. This segment serves institutional clients, financial intermediaries, private clients, and investment vehicles. In addition, the company offers cash management services and invests in certain long-term investments, as well as provides commercial banking services, through its Paris-based Freres Banque SA. It offers its services to corporations, partnerships, institutions, governments, and high net worth individuals, financial intermediaries, investment vehicles, unions, public pension funds, insurance companies, and banks. The company serves clients in Europe, North America, Asia, Australia, and South America. Lazard was founded in 1848 and is based in Hamilton, Bermuda.
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    OFFICERS
      Pay Exercised
    Mr. Bruce Jay Wasserstein J.D., 61
    Chairman, Chief Exec. Officer, Chairman of Exec. Committee, Chairman of Lazard Group and Chief Exec. Officer of Lazard Group
    $ 4.80M N/A
    Mr. Charles Gould Ward III, 55
    Pres, Managing Director, Chairman of Asset Management Group and Pres of Asset Management Group
    $ 3.00M N/A
    Mr. Michael J. Castellano , 61
    Chief Financial Officer, Principal Accounting Officer and Managing Director
    $ 2.05M N/A
    Mr. Scott D. Hoffman , 45
    Managing Director, Sec. and Gen. Counsel
    $ 2.38M N/A
    Mr. Steven J. Golub , 62
    Vice Chairman, Managing Director and Chairman of Financial Advisory Group
    $ 6.40M N/A
    Dollar amounts are as of 31-Dec-06 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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