Lazard LLC is a New York-based, independent investment bank with more than 2,500 employees in Asia, North America, and Europe. Lazard was founded in 1848, and is one of the few remaining privately held investment banks.
IPO
On 2004-12-17 Lazard Ltd filed a Form S-1 with the SEC about performing an IPO during 2005 ([1]).
History
Lazard's origins date back to 1848 when their founders, the Lazard brothers , Alexandre Lazard , Simon Lazard , and Elie Lazard , which had moved to the United States from France, formed Lazard Frères & Co. as a dry goods business in New Orleans, Louisiana, with a combined contribution of $9,000. Shortly thereafter, the Lazard brothers moved to the gold rush town of San Francisco, California, where they opened a business selling imported goods and exporting gold bullion. The business progressively became involved in financial transactions, first with its retail clients and then increasingly with commercial clients. Over time, the business expanded into the banking and foreign exchange businesses.
Seeking to expand operations to Europe, the Lazard brothers opened offices in Paris and London in 1858 and 1870, respectively. By 1876, Lazard’s businesses had become solely focused on providing financial services. In 1880, Alexander Weill , the founding brothers’ cousin, assumed control of Lazard.
Management
- Chairman: Michel David-Weill
- CEO: Bruce Wasserstein
- President: Charles G. (Chuck) Ward III
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