Lazard

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 remained privately held until May 5, 2005, when the company officially went public.

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Lazard's origins date back to 1848 when the founders, the Lazard brothers, Alexandre Lazard, Simon Lazard, and Elie Lazard, moved to the United States from France, and formed Lazard Fr?res & 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.

Independent: Independent may mean:...

Investment bank: Investment banks assist public and private corporations in raising funds in the capital markets (both equity and debt), as well as in providing strategic advisory services for mergers, acquisitions and other types of financial transactions. Investment banks differ from commercial banks which take de...

1848: 1848 is a leap year starting on Saturday (link will take you to calendar) of the Gregorian calendar....