Lazards combines global houses
Tuesday 08 June 1999
The 150-year-old firm, controlled by the family of French financier Michel David-Weill, is currently made up of three Lazard houses, each with a different ownership structure. After the change a seven-member management committee led by Mr David-Weill, 66, will govern the firm. Lazards employs 2,500 worldwide, 1,100 of them in New York. It made record profits of $300m (pounds 186m) last year.
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