Lazard Chief Executive Officer Peter Orszag on CNBC’s Money Movers
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On July 25, Lazard's Chief Executive Officer, Peter Orszag, appeared on CNBC's Money Movers following Lazard reporting second quarter and half-year 2024 earnings. He discussed the driving forces behind the firm's historic growth and strategy ahead, advisory revenues from the quarter, and the M&A deal environment.
Peter highlighted the strong advisory revenues from the first half of the year, attributing them to Lazard's exceptional talent and strategic action to advance the Lazard 2030 vision. "I think we're at an inflection moment for this firm as we continue to execute against our long-term growth plan. If anything, we're ahead of schedule," he stated. Peter also emphasized that while Lazard is well-positioned to continue capitalizing on M&A deals, the firm has also seen a significant increase in advisory revenue outside of M&A, including areas such as restructuring and fund raising for private equity.
Watch a clip from Peter's segment below.
About Lazard
Founded in 1848, Lazard is the preeminent financial advisory, private capital advisory, and asset management firm, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters. Lazard also advises private markets sponsors and investors on primary fundraising, secondary transactions, and GP capital solutions, and provides asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Lazard is listed on the New York Stock Exchange as Lazard, Inc. under the ticker LAZ. For more information, please visit Lazard.com and follow Lazard on LinkedIn.
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