Lazard Appoints New Chief Financial Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 23h ago
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Source: PRnewswire
- Executive Appointment: Lazard announced that Tracy Farr will become Chief Financial Officer effective February 1, 2026, bringing 20 years of finance experience and a decade at Lazard to drive the company's long-term growth objectives.
- Leadership Transition: Farr succeeds Mary Ann Betsch, who has significantly contributed to strengthening the firm's financial foundation and enhancing reporting capabilities over the past few years, ensuring a smooth leadership transition.
- Strategic Focus: As CFO, Farr will concentrate on improving operational efficiency, driving profitable growth, and playing a central role in engaging with the investment community to support the implementation of Lazard's 2030 plan.
- Industry Expertise: Farr's extensive experience in capital structure advisory equips him to provide clients with guidance on complex M&A transactions, further solidifying the firm's leadership position in the financial advisory sector.
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Analyst Views on LAZ
Wall Street analysts forecast LAZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LAZ is 54.50 USD with a low forecast of 46.00 USD and a high forecast of 59.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
1 Hold
2 Sell
Hold
Current: 52.610
Low
46.00
Averages
54.50
High
59.00
Current: 52.610
Low
46.00
Averages
54.50
High
59.00
About LAZ
Lazard, Inc. is a financial advisory and asset management company, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Its segments include Financial Advisory and Asset Management. Financial Advisory segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of advisory services including mergers and acquisitions advisory, capital markets advisory, shareholder advisory, sovereign advisory, geopolitical advisory, restructuring and liability management, capital raising and placement, and other strategic matters. Asset Management segment offers a range of global investment solutions and investment and wealth management services in equity and fixed income strategies, asset allocation strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private wealth clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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