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Lazard
Lazard Ltd (formerly known as Lazard Frères & Co.) is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's largest independent investment bank, with principal executive offices in New York City, Paris and London. Lazard was founded in 1848 and operates from more than 41 cities across 26 countries in North America, Europe, Asia, Australia, and Central and South America. The firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. In 2023, Lazard celebrates its 175th year in business. History Early Years On July 12, 1848, three brothers, Alexandre Lazard, Lazare Lazard, and Simon Lazard, founded Lazard Frères & Co. as a dry goods merchant store in N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simon Lazard
Simon Lazard (April 8, 1828 – February 24, 1898) was a Franco-American banker who co-founded Lazard Frères & Co., reorganized in 2000 as Lazard. A native of Lorraine, France, a young merchant of antebellum New Orleans, pioneer of the California gold rush, and, finally, an international banker by the end of the nineteenth century, Simon Lazard with his brothers in Lazard Freres had built high-level financial relationships in business and government within a network encompassing France, England, and the U.S. Family Simon Lazard was born to a Jewish family on April 8, 1828, in Frauenberg, Moselle, Lorraine, in northeast France. He was the son of Elie Lazard (1796–1831), a farmer, and Esther (''née'' Aron, 1798–1875). His father died when he was three, and his mother was remarried to Moïse Cahn (1796–1872), also of Frauenberg. He was the fifth oldest of the household’s eleven children, seven fathered by Elie and four by Moïse, a close-knit family. Note: In early America ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michel David-Weill
Michel David-Weill (November 23, 1932 – June 16, 2022) was an investment banker and Chairman of Lazard and Eurazeo. Early life Michel David-Weill was born into a Jewish family on November 23, 1932. His father, Pierre David-Weill (1900–1975), was the chairman of Lazard Frères; his mother was Berthe Haardt. His great-grandfather, , worked at Lazard Frères, a firm co-founded by his cousins, Alexandre, Elie, and Simon Lazard.Fortune Magazine: "Assault On The House Of Lazard" by Robert Lenzner September 4, 2000 In 1900, his grandfather, , was named a partner. In 1927, his father became a partner. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bruce Wasserstein
Bruce Jay Wasserstein (December 25, 1947 – October 14, 2009) was an American investment banker, businessman, and writer. He was a graduate of the McBurney School, University of Michigan, Harvard Business School, and Harvard Law School, and spent a year at the University of Cambridge. He was prominent in the mergers and acquisitions industry, credited with working on 1,000 transactions with a total value of approximately $250 billion. Early life Wasserstein was born and raised in Midwood, Brooklyn, New York, the son of Lola (née Schleifer) and Morris Wasserstein. His father, a Jewish immigrant from pre-World War II Poland, emigrated to New York City and started a ribbon company. His maternal grandfather was Simon Schleifer, a Jewish teacher in the yeshiva in Wloclawek, Poland who later emigrated to Paterson, New Jersey and became a Hebrew school principal. Wasserstein had four siblings: businesswoman Sandra Wasserstein Meyer; Pulitzer Prize-winning playwright Wendy Wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
André Meyer
André Benoît Mathieu Meyer (September 3, 1898 – September 9, 1979) was a French-American investment banker. Biography Meyer was born to a low-income Jewish family in Paris. As a boy, he began following the workings of the stock market and out of necessity left school at age sixteen to work as a messenger at the Paris Bourse. Ambitious, he used his time to study the intricacies of stock trading and because of personnel shortages created by so many young French men serving in the military in World War I, he was able to get a job with Baur & Fils, a small Paris bank. By 1925, his performance with the bank got him noticed by Raymond Philippe, who arranged for him to get an offer from the prestigious investment bankers Lazard Frères. Within a few years Meyer was made a partner, succeeding to Raymond Philippe. At Lazard, André Meyer organized SOVAC (''Societé pour la Vente à Crédit d'Automobiles''), a finance company that in the late twenties introduced the concept of automo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Felix Rohatyn
Felix George Rohatyn ( ; May 29, 1928 – December 14, 2019) was an American investment banker and diplomat. He spent most of his career with Lazard, where he brokered numerous large corporate mergers and acquisitions from the 1960s through the 1990s. In 1975, he played a central role in preventing the bankruptcy of New York City as chairman of the Municipal Assistance Corporation and chief negotiator between the city, its labor unions and its creditors. Rohatyn later became an outspoken advocate for rebuilding America's infrastructure, working with politicians and business leaders to craft guiding principles for strengthening infrastructure as co-chair of the Commission on Public Infrastructure. Rohatyn was involved in efforts to form a national infrastructure bank, and assisted in the rebuilding of New York City following Hurricane Sandy as co-chair of the New York State 2100 Commission. From 1997 to 2000, Rohatyn served as United States Ambassador to France. Early life ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Blumenthal (banker)
George Blumenthal (April 7, 1858 – June 26, 1941) was a German-born banker who served as the head of the U.S branch of Lazard Frères. Early life Blumenthal was born in Frankfurt am Main in 1858 to Hermann Blumenthal and Helene Hickel. Career Blumenthal a foreign-exchange banker was sent to the United States by Speyer & Co., and rose to prominence as the head of the U.S branch of Lazard Frères. He was also a partner of Lazard Frères in France. He retired from Lazard in 1901, giving up his seat on the stock exchange, and returned as a partner in 1906. He returned to the stock exchange in 1916, purchasing a seat for $63,000 (equivalent to $ today). With J. P. Morgan the elder, he was one of five bankers who saved Grover Cleveland from giving up specie payments in 1896, with their $65,000,000 gold loans. Philanthropy In New York, he served as president of the Mount Sinai Hospital, where he donated $2 million and where the Blumenthal auditorium is named after him. He was a tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russell 1000 Index
The Russell 1000 Index is a stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. , the stocks of the Russell 1000 Index had a weighted average market capitalization of $608.1 billion and a median market capitalization of $15.1 billion. , components ranged in market capitalization from $1.8 billion to $1.4 trillion. The index, which was launched on January 1, 1984, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. The ticker symbol is ^RUI. There are several exchange-traded funds and mutual funds that track the index. Record values Annual returns Top sectors by weight * Technology * Consumer Discretionary * Health Care * Industrials * Financial services Top 10 holdings * Apple () * Microsoft () * Amazon () * Alphabet (Class A) () * Tesla () *Alphabet (Class C) () * Meta () * Nvidia () * Berkshire Hathaway () * UnitedHealth Gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies of World War II, Allies and the Axis powers. World War II was a total war that directly involved more than 100 million Military personnel, personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Air warfare of World War II, Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the Atomic bombings of Hiroshima and Nagasaki, only two nuclear weapons ever used in war. World War II was by far the List of wars by death toll, deadliest conflict in hu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paris
Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. Since the 17th century, Paris has been one of the world's major centres of finance, diplomacy, commerce, fashion, gastronomy, and science. For its leading role in the arts and sciences, as well as its very early system of street lighting, in the 19th century it became known as "the City of Light". Like London, prior to the Second World War, it was also sometimes called the capital of the world. The City of Paris is the centre of the Île-de-France region, or Paris Region, with an estimated population of 12,262,544 in 2019, or about 19% of the population of France, making the region France's primate city. The Paris Region had a GDP of €739 billion ($743 billion) in 2019, which is the highest in Europe. According to the Economis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Market
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: USD 1 is worth X CAD, or CHF, or JPY, etc. The foreign exchange market works ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California Gold Rush
The California Gold Rush (1848–1855) was a gold rush that began on January 24, 1848, when gold was found by James W. Marshall at Sutter's Mill in Coloma, California. The news of gold brought approximately 300,000 people to California from the rest of the United States and abroad. The sudden influx of gold into the money supply reinvigorated the American economy; the sudden population increase allowed California to go rapidly to statehood, in the Compromise of 1850. The Gold Rush had severe effects on Native Californians and accelerated the Native American population's decline from disease, starvation and the California genocide. The effects of the Gold Rush were substantial. Whole indigenous societies were attacked and pushed off their lands by the gold-seekers, called "forty-niners" (referring to 1849, the peak year for Gold Rush immigration). Outside of California, the first to arrive were from Oregon, the Sandwich Islands (Hawaii) and Latin America in late 1848. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
