Lazard Discusses Record Third Quarter, Business Momentum, and Campbell Lutyens Acquisition

This presentation reviews Lazard's third-quarter results and current momentum across its advisory and asset management businesses. It addresses the comparison with analyst expectations, forward indicators, and the expected completion of the Campbell Lutyens acquisition. The discussion focuses on reported performance and management's outlook for both segments.

■ Third-quarter performance
- Record third quarter and strong momentum in both business lines
- Comparison with analyst estimates and retained revenue assumptions

■ Advisory and asset management outlook
- Advisory business plan for next year described as twice the prior level
- Conflict clearance filings up more than 30% year over year on a fee-weighted basis
- Best investment performance in five years and record gross inflows year to date on the asset side

■ Campbell Lutyens acquisition
- Expected completion in early November
- Expected to create the largest global player in primary and secondary fundraising

The video is suited to viewers tracking Lazard's quarterly results, advisory and asset management trends, and acquisition progress. It provides an overview of the factors management cites for current momentum and the upcoming combination with Campbell Lutyens.