Lazard to Acquire Campbell Lutyens to Strengthen Private Capital Advisory Leadership

Lazard, Inc. has announced a definitive agreement to acquire Campbell Lutyens, a premier global advisor in private markets, to form a new business unit named Lazard CL. This strategic expansion coincides with a robust financial performance, as Lazard reported a 67% increase in first-quarter profit. The asset management division was the primary driver of this profit growth, fueled by resilient and strong client demand. The new unit will be led by Holcombe Green and Gordon Bajnai as Co-CEOs, integrating specialized expertise in fund placement and secondary advisory. This acquisition, coupled with strong quarterly earnings, is expected to significantly enhance Lazard's long-term fee revenue and solidify its competitive position in the global financial services sector.