Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 244

Posts Tagged ‘lazard’

Lazard Announces Matthieu Pigasse Resignation

Posted by fidest press agency su mercoledì, 23 ottobre 2019

Lazard Ltd (NYSE: LAZ) today announced that Matthieu Pigasse, Deputy CEO of Financial Advisory and Chairman and CEO of Lazard France, has resigned from Lazard. His resignation will be effective December 31, 2019. Lazard will announce a new leadership team in France shortly.“Lazard has been my home for nearly two decades. I’ve enjoyed working with the best investment bankers and advisors in the industry, and many of the world’s most important corporate and sovereign leaders,” said Mr. Pigasse. “I am proud of what I have accomplished with my colleagues in France. Lazard in France has an unsurpassed franchise, with strong momentum. I am excited to begin my next chapter beyond investment banking in a new entrepreneurial project.” “I admire and respect Matthieu Pigasse for all he has done for our clients and our global franchise. Through his passion, intensity and commitment to excellence, Lazard has assembled a team of extremely talented bankers, and has built the best global investment banking business in France,” said Kenneth M. Jacobs, Chairman and CEO of Lazard. “Matthieu has unfortunately decided to resign, and I want to thank him for his contribution and wish him every success as he turns to his new entrepreneurial endeavor. Lazard Paris is a cornerstone of our global network, and we look forward to continuing to serve corporate leaders in France, and sovereigns globally, with the best advice in the industry.”
Lazard, one of the world’s preeminent financial advisory and asset management firms, operates from 43 cities across 27 countries in North America, Europe, Asia, Australia, Central and South America.

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Lazard Announces Leadership Appointments in UK Investment Banking

Posted by fidest press agency su venerdì, 13 settembre 2019

Lazard Ltd (NYSE: LAZ) announced today that it has named Cyrus Kapadia as Chief Executive Officer (CEO) of Lazard Investment Banking in the UK and William Rucker, CEO of the business since 2004, as Chairman, effective immediately. Archie Norman, Chairman of the business since 2013, will continue to serve Lazard as a Special Adviser to Lazard’s CEO.
Mr. Kapadia, most recently Deputy Head of UK Investment Banking, joined Lazard in 1996. He has worked with clients across numerous industry sectors and leads the Technology, Media and Telecommunications Advisory Group in London, one of Lazard’s most active teams in the UK. Mr. Kapadia has had a wide range of corporate finance experience including providing advice to many of the UK’s largest companies and private equity sponsors.Mr. Rucker has served as CEO of Lazard’s Investment Banking business in the UK for the past 15 years. He began his investment banking career at Lazard in 1987. As Chairman, he will continue to work closely with Mr. Kapadia and the UK Investment Banking team, focusing in particular on key client relationships and growth initiatives.Mr. Norman, a Senior Adviser for Lazard Investment Banking in the UK since 2003, has served as Chairman of Lazard UK Investment Banking since 2013. He was appointed Chairman of Marks & Spencer in October 2017.
Lazard in London is a principal office of the firm’s global network. It has been a major presence in London’s financial center since 1877, and added institutional asset management services in 1953. Located in the heart of Mayfair, it is one of Lazard’s largest offices, with senior professionals representing all of Lazard’s advisory services.
Lazard’s UK Investment Banking business has advised or continues to advise on a number of significant transactions. These include advising Blackstone, KIRKBI and the Canada Pension Plan Investment Board on its acquisition of Merlin Entertainments; Saputo on its acquisition of Dairy Crest; Takeaway.com on its acquisition of JustEat, PLC; WPP on the sale of 60% of Kantar to Bain Capital; Smith & Nephew on its acquisition of Osiris Therapeutic; Daily Mail Trust Group on the sale of its shares in Euromoney PLC; and Merck on its global alliance with GSK.

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Lazard Global Total Return and Income Fund Declares Monthly Distribution

Posted by fidest press agency su giovedì, 21 marzo 2019

The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.08879 per share on the Fund’s outstanding common stock. The distribution is payable on April 23, 2019 to shareholders of record on April 12, 2019. The ex-dividend date is April 11, 2019. Portfolio data as of February 28, 2019, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management’s (“LAM”) website, http://www.LazardAssetManagement.com. Additionally, any notices required by Section 19(a) of the Investment Company Act of 1940, as amended, which provide information regarding the respective estimated amounts of each monthly distribution derived from net investment income, net realized capital gains (short- and long-term) and return of capital, will also be available on http://www.LazardAssetManagement.com. The Fund’s investment objective is total return, consisting of capital appreciation and current income. The Fund’s net assets are invested in a portfolio of approximately 60 to 80 US and non-US equity securities, including American Depository Receipts, generally of companies with market capitalizations greater than $2 billion, and may include investments in emerging markets. The Fund also invests in emerging market currencies (primarily by entry into forward currency contracts), or instruments whose value is derived from the performance of an underlying emerging market currency, and also may invest in debt obligations, including government, government agency and corporate obligations and structured notes denominated in emerging market currencies.

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Lazard World Dividend & Income Fund Declares Monthly Distribution

Posted by fidest press agency su giovedì, 17 gennaio 2019

The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the “Fund”) (NYSE:LOR) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.05799 per share on the Fund’s outstanding common stock. The distribution is payable on February 22, 2019 to shareholders of record on February 12, 2019. The ex-dividend date is February 11, 2019.Portfolio data as of December 31, 2018, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management’s (“LAM”) website, http://www.LazardAssetManagement.com. Additionally, any notices required by Section 19(a) of the Investment Company Act of 1940, as amended, which provide information regarding the respective estimated amounts of each monthly distribution derived from net investment income, net realized capital gains (short- and long-term) and return of capital, will also be available on http://www.LazardAssetManagement.com.
The Fund’s investment objective is total return through a combination of dividends, income and capital appreciation. The Fund’s net assets are invested with a focus on the highest yielding equity securities selected using the relative value strategy of LAM and generally are a portfolio of approximately 60 to 100 US and non-US equity securities, including American Depository Receipts, of companies of any size consisting primarily of securities held by other portfolios managed by LAM, including investments in emerging markets. The Fund also invests in emerging market currencies (primarily by entry into forward currency contracts), or instruments whose value is derived from the performance of an underlying emerging market currency, and also may invest in debt obligations, including government, government agency and corporate obligations and structured notes denominated in emerging market currencies.An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM, the Fund’s investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of September 30, 2018, LAM and affiliated asset management companies in the Lazard Group managed $240 billion worth of client assets. For more information about LAM, please go to http://www.LazardAssetManagement.com. Follow LAM at @LazardAsset.

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Lazard World Dividend & Income Fund Declares Monthly Distribution

Posted by fidest press agency su lunedì, 18 giugno 2018

The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the “Fund”) (NYSE:LOR) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.07409 per share on the Fund’s outstanding common stock. The distribution is payable on July 23, 2018 to shareholders of record on July 12, 2018. The ex-dividend date is July 11, 2018. Portfolio data as of May 31, 2018, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management’s (“LAM”) website, http://www.LazardAssetManagement.com. Additionally, any notices required by Section 19(a) of the Investment Company Act of 1940, as amended, which provide information regarding the respective estimated amounts of each monthly distribution derived from net investment income, net realized capital gains (short- and long-term) and return of capital, will also be available on http://www.LazardAssetManagement.com.The Fund’s objective is total return through a combination of dividends, income, and capital appreciation. The Fund’s net assets are invested in a portfolio of approximately 60 to 90 world equity securities, consisting primarily of stocks selected from the current holdings of other accounts managed by LAM. The equity portfolio is broadly diversified in both developed and emerging market countries and across the capitalization spectrum. The Fund seeks enhanced income by investing in short duration (typically less than one year) emerging market forward currency contracts and other emerging market debt instruments.An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM, the Fund’s investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of March 31, 2018, LAM and affiliated asset management companies in the Lazard Group managed $252 billion worth of client assets. For more information about LAM, please go to http://www.LazardAssetManagement.com.

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