LAZ news

Lazard released strong Q3 and 9-month 2026 results with record Financial Advisory revenue and year-to-date asset management inflows, though GAAP net income decreased significantly year-over-year.

Lazard reported net revenue of $808 million and record Assets Under Management of $285 billion for Q2 2026. Performance was driven by strong net inflows in Asset Management and stable Financial Advisory revenue, despite higher GAAP tax expenses.

Lazard, Inc. announced the appointment of Kathy Elsesser to its board of directors, succeeding Andrew M. Alper who retired after 13 years. Elsesser brings Goldman Sachs investment banking expertise to support the firm's expanding Financial Advisory business.

Lazard amended its certificate of incorporation to transition from a classified board structure to a single-class board with annual elections for all directors beginning in 2027. The change enhances corporate governance by increasing director accountability and shareholder voting rights.