|
|
| (One intermediate revision by one other user not shown) |
| Line 1: |
Line 1: |
| − | {{work|This article lacks deep contents}}
| + | #REDIRECT[[Lazard Ltd]] |
| − | {{group
| |
| − | |wikipedia=https://en.wikipedia.org/wiki/Lazard
| |
| − | |constitutes=bank
| |
| − | |description=Big money sponsor of the [[WEF/Young Global Leaders]]
| |
| − | |leaders=
| |
| − | |logo=Lazard freres.jpg
| |
| − | |start=1848
| |
| − | |founders=Alexandre Lazard, Élie Lazard,Simon Lazard
| |
| − | |sponsors=WEF/Young Global Leaders
| |
| − | |headquarters=Hamilton, Bermuda (incorporation) 30 Rockefeller PlazaNew York City, New York, United States (operational)
| |
| − | |sourcewatch=https://www.sourcewatch.org/index.php/Lazard_Freres_%26_Co._LLC
| |
| − | |website=http://www.lazard.com
| |
| − | |members=Alexandre Lazard,Kenneth M. Jacobs,Andrew M. Alper,Ashish Bhutani,Richard N. Haass,Steven J. Heyer,Michelle Jarrard,Sylvia Jay,Iris Knobloch,Philip A. Laskawy,Jane L. Mendillo,Richard D. Parsons,Ashish Bhutani,Scott D. Hoffman,Evan L. Russo,Alexandra Soto,Alexander F. Stern,Franklin D. Raines,Felix Rohatyn,Bertrand Badré,Antoine Bernheim,David Dautresme,Michel David-Weill,Jean-Jacques Guiony,Anne Lauvergeon
| |
| − | }}
| |
| − | '''Lazard Ltd''' (formerly known as '''Lazard Frères & Co.''') is a [[financial advisory]] and [[asset management firm]] that engages in [[investment banking]], [[asset management]] and other [[financial services]], primarily with institutional clients. It is the world's largest independent investment bank, with principal executive offices in New York City, Paris and London.
| |
| − | | |
| − | For more than a century, the mystique and reputation of the "Great Men" who worked there allowed the firm to garner unimaginable profits, social cachet, and outsized influence in the halls of power. Discretion, secrecy, and subtle strategy were its weapons of choice.<ref>https://intellibriefs.blogspot.com/2007/04/secret-history-of-lazard-frres-co-felix.html</ref>
| |
| − | | |
| − | ==History==
| |
| − | ===The origins===
| |
| − | Lazard Frères & Co. was founded in [[1844]] in [[New Orleans]], [[Louisiana]], by three brothers who emigrated from France to the United States, Alexandre, Élie and Simon Lazard<ref>https://archive.wikiwix.com/cache/?url=http%3A%2F%2Fwww.fundinguniverse.com%2Fcompany-histories%2Flazard-llc-history%2F</ref>. Their activity was originally trading goods from France. The siblings, joined by another brother, Élie, and their cousin [[Alexandre Weill]], settle in [[San Francisco]] ,[[California]], during the gold rush, after their business in New Orleans burned down in 1848.
| |
| − | | |
| − | It was by storing the gold of the pioneers, then by organizing the transfers of gold from diggers to their families in France and finally by occasionally financing clients that Lazard Frères turned to financial services<ref>Didier Lazard, Simon LAZARD, Félin, col. Les origines des grandes entreprises, 1988, 161 </ref>. Alexandre Lazard moved to Paris where he opened an office in [[1854]]<ref>https://archive.wikiwix.com/cache/?url=https%3A%2F%2Fwww.valeursactuelles.com%2Fhistoire%2Fla-saga-des-lazard-28457</ref>. Between [[1870]] and [[1880]], the company continued its international expansion by opening an office in [[London]] and then in [[New York]], in addition to that in San Francisco. Lazard quickly took a prominent place in gold transfers and transatlantic foreign exchange markets, thus becoming the hub between the French and American business communities.
| |
| − | | |
| − | ==The three Houses of Lazard==
| |
| − | During the [[20th century]], the three Lazard houses (United States, France, United Kingdom) were managed independently although they were allies. The partners of each house gradually build a powerful international network within economic and political circles, like [[André Meyer]] or [[Felix Rohatyn]], and played a major role in the evolution of the North American and European economic landscape<ref>https://archive.wikiwix.com/cache/?url=https%3A%2F%2Fwww.lesechos.fr%2F04%2F05%2F2005%2FLesEchos%2F19406-182-ECH_lazard-a-ecrit-de-riches-heures-de-la-finance-moderne.htm</ref>. Lazard is the house that invented modern investment banking, that of mergers and acquisitions. Lazard intervenes in particular in emblematic operations such as the [[New York bankruptcy]] in [[1975]], but also sovereign crises such as that of [[Greece]] in [[2015]]<ref>http://www.lefigaro.fr/flash-eco/2015/01/31/97002-20150131FILWWW00103-athenes-choisit-la-banque-lazard-comme-conseil.php</ref>. In 1953, Lazard launched an asset management business in London, which was the ancestor of what is now Lazard Asset Management.
| |
| − | | |
| − | ==A unified group==
| |
| − | In [[2000]], at the initiative of [[Michel David-Weill]], the three Lazard houses were brought together under a single entity: Lazard LLC. In [[2005]], under the leadership of [[Bruce Wasserstein]], who became Managing Director, Lazard Ltd went public. The group is now headed by [[Ken Jacobs]], appointed CEO when Bruce Wasserstein passed away in [[2009]]. As financial operations today are mostly transnational, the teams work in an integrated manner, bringing in sector expertise in addition to local know-how.
| |
| − | | |
| − | | |
| − | {{SMWDocs}}
| |
| − | ==References==
| |
| − | {{reflist}}
| |
