Lazard is one of the top 10 investment banks in Europe with a clear focus on asset management and financial advisory (M&A accoutns for 81% of total FA revenue). Geographically, Europe and U.S are the two markets that contribute 99% of its total income.
But compared with GS,MS and ML, Lazard still has a long way to go.
Lazard is one of the top 10 investment banks in Europe with a clear focus on asset management and financial advisory (M&A accoutns for 81% of total FA revenue). Geographically, Europe and U.S are the two markets that contribute 99% of its total income.
But compared with GS,MS and ML, Lazard still has a long way to go.
Thanks for correcting me. Yes, Lazard can be very picky in terms of selection process but we are talking about firm's competitiveness as a whole. Do you think M&A stands for everything?
of course M&A is not everything, but is the only business we can compare with GS, MS, or ML, you cannot say MS is better than Lazard because they have Fixed income, while Lazard doesn't have, etc, right?
figuratively, Lazard as a country likes Swiss, while Goldman or Morgan likes US or Japan. you can say US is much stronger, but we can also state Swiss is much richer.