New York, United States
Across our history, New York moved from a supply-chain outpost to a key center of Lazard’s business and identity. For more than 175 years, Lazard has been an integral part of the American business landscape, providing trusted advice to leaders of public and private companies and government.
Lazard’s ties to New York began early. Lazard Frères was founded in New Orleans in 1848, and in 1851 Alexandre Lazard moved to New York to oversee the firm’s supply chain while his brothers headed to San Francisco. In 1880, with no presence on Wall Street, he returned to open a New York banking branch, building a small but quality client base from the family’s retail contacts.
By 1884 Lazard was a leading U.S. gold exporter and currency exchange house, which earned it entry into New York’s banking syndicates. Over the next century, the New York house became one of the firm’s three pillar alongside London and Paris. Frank Altschul of Lazard New York conceived the 1924 effort to stabilize the franc, and André Meyer, who took over U.S. operations in 1944, helped build the firm’s postwar reputation. Lazard Asset Management was established in New York in 1970, and the New York house was one of the three houses brought under Lazard Partners in 1984.
In 1975, Felix Rohatyn led the rescue of New York City from imminent bankruptcy as head of the Municipal Assistance Corporation, a role he held for 20 years while remaining a Lazard partner. New York has remained central to the modern firm. Across its history, New York moved from a supply-chain outpost to a hub of both Lazard’s business and its public identity.
Our Regional Businesses
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Regional News & Insights
Recent Regional Transactions
Platinum Equity sells De Wave Group to Renaissance Partners
Undisclosed
Penguin Solutions Announces Agreement to Sell Cree LED to Transom Capital
Undisclosed
Lazard Advises T5 Services on the Sale of T5 Operations to Salute
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Lazard is one of the most respected names in global financial services, representing excellence, integrity and innovation on behalf of clients across financial advisory, private capital advisory, asset and wealth management.
