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Start Time: 08:00 January 1, 0000 8:33 AM ET Lazard Ltd (NYSE:LAZ) July 27, 2023, 08:00 AM ET Kenneth Jacobs - Chairman and CEO Evan Russo - CEO, Asset Management Alexandra Deignan - Head of IR, Treasury and Corporate Sustainability Ryan Kenny - Morgan Stanley Devin Ryan - JMP Securities James Yaro - Goldman Sachs Operator At this time, I will turn the call over to Alexandra Deignan, Lazard's Head of Investor Relations, Treasury and Corporate Sustainability. Please go ahead. Good morning, and welcome to Laz ...

公司业务 - 公司主要收入来源于金融咨询和资产管理业务两个业务部门[76] - 2023年第一季度，公司的净收入主要来自金融咨询业务和资产管理业务，分别占比51%和52%[77] - Lazard的财务咨询净收入主要来自于M&A交易、资本市场咨询、股东咨询、重组和资本解决方案、主权咨询、地缘政治咨询、筹资和安置以及其他战略咨询事项[87] - 资产管理净收入主要来自于为客户提供的投资管理和咨询服务费用，主要受全球股票市场表现和Lazard的投资表现影响[87] - 公司通过提供战略建议赚取费用，这些费用不依赖于特定交易，还可能通过公开和私人证券发行赚取费用[87] 财务状况 - 2023年第一季度，Lazard Ltd的净收入较2022年同期减少1.52亿美元，降幅为22%[102] - 调整后的薪酬和福利支出占营业收入的比例分别为2023年为75.7%，2022年为58.5%[103] - 公司的企业部门净收入主要包括与资产管理业务和私募股权基金相关的投资收益和损失，以及与Lazard基金利益和利息收入和利息支出相关的投资收益和损失[88] 资产管理 - 资产管理部门2023年第一季度总资产管理规模为2321.4亿美元，较2022年底增加16亿美元，增幅为7%[110] - 2023年3月31日，资产管理净收入较2022年同期减少5,400万美元，降幅为16%[114] - 2023年3月31日，资产管理运营收入为3,599.3万美元，较2022年同期的运营收入9,698.5万美元减少6,098.5万美元，降幅为63%[115] 财务风险管理 - 公司的衍生品资产为4百万美元，衍生品负债为1百万美元[141] - 公司对股票市场价格风险的敞口约为1.49亿美元，对利率/信用利差风险的敞口约为4800万美元，对外汇汇率风险的敞口约为6800万美元[140] - Lazard积极监控其监管资本基础，主要子公司需遵守各自司法管辖区的监管要求，以确保其财务稳健和流动性[131]

Sure. Devin, happy to share some thoughts on that. I mean it's been several -- obviously several quarters now, a couple of quarters of direct involvement here in the asset management business, but obviously I've been in the asset management -- focused on asset management for the last 5 years as CFO as well. So continuation of our strategy is what we set up at the beginning. We've been focused on 3 specific areas for us, which is really; first is foremost is performance and focusing on the performance of all ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-32492 (Commission File Number) LAZARD LTD (Exact name of registrant as specified in its charter) or Organization) Bermuda 98-0437848 (State or Other Jurisdi ...

Peter Orszag It really varies by the individual business. So, the sovereign business is busy and the big question there, it almost comes back to restructuring question that Ken answered with regard to corporates, which is, are we going to see a wave over the next year or two of countries that have significant debt restructurings. There certainly is a class of countries that looking forward where that is possible. In the PCA business, that's [very tied] [ph] as you know to private equity. And so, the trends ...

Lazard Ltd (NYSE:LAZ) Q3 2022 Earnings Conference Call October 27, 2022 8:00 AM ET Company Participants Alexandra Deignan - Head, IR Mary Betsch - CFO Kenneth Jacobs - Chairman & CEO Evan Russo - CEO, Asset Management Conference Call Participants Richard Ramsden - Goldman Sachs Group Brennan Hawken - UBS Devin Ryan - JMP Securities Manan Gosalia - Morgan Stanley Brendan O'Brien - Wolfe Research Operator Good morning, and welcome to Lazard's Third Quarter and First 9 Months of 2022 Earnings Conference Call. ...

Investor Presentation October 2022 Safe Harbor This presentation contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements." In some cases, forward-looking statements can be identified by the use of forwardlooking terminology such as "may," "might," "will," "would," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "target," "goal" or "continue" ...

Lazard Ltd (NYSE:LAZ) Q2 2022 Earnings Conference Call July 28, 2022 8:00 AM ET Company Participants Alexandra Deignan - Head of Investor Relations & Corporate Sustainability Evan Russo - Chief Financial Officer Kenneth Jacobs - Chairman & Chief Executive Officer Peter Orszag - Chief Executive Officer, Financial Advisory Conference Call Participants Brennan Hawken - UBS Richard Ramsden - Goldman Sachs Devin Ryan - JMP Securities Manan Gosalia - Morgan Stanley Jeff Harte - Piper Sandler Operator Good morning ...

Investor Presentation July 2022 Safe Harbor This presentation contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements." In some cases, forward-looking statements can be identified by the use of forwardlooking terminology such as "may," "might," "will," "would," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "target," "goal" or "continue" or ...