LAZ News & Events

Lazard (LAZ) announced that Kathy Elsesser has been appointed to its Board of Directors, effective today. Elsesser, who also serves on TPG's Board of Directors, is a retired Partner and former Global Chair of the Consumer Retail and Healthcare Groups in the Investment Banking Division of Goldman Sachs (GS). Elsesser succeeds Andrew Alper, who has retired from Lazard's Board after more than 13 years of distinguished service.

Lazard reported that its preliminary assets under management as of April 30 totaled approximately $275.4B. The month's AUM included market appreciation of $13.2B, FX appreciation of $2.9B and net inflows of $0.1B.