Editing Lazard (section)

==Business overview==

===Financial advisory===
Lazard advises clients on a wide range of strategic and financial issues. These may include advising on the potential acquisition of another company, business or certain assets, or on the sale of certain businesses, assets or an entire company. The firm also advises on alternatives to a sale such as recapitalizations, spin-offs, carve-outs and split-offs. For companies in financial distress or their creditors, Lazard advises on all aspects of restructuring. The firm has advised on many of the largest restructuring assignments in the wake of the global financial crisis that began in mid-2007.<ref>{{Cite news |last=McCracken |first=Jeffrey |date=January 14, 2012 |title=Lazard Appoints Kurtz Restructuring Chief After Ridings, Savage |work=Bloomberg |url=https://www.bloomberg.com/news/2012-01-13/lazard-names-kurtz-restructuring-chief-to-take-over-from-ridings-savage.html}}</ref> Lazard also advises on capital structure and capital raising. Capital structure advice includes reviewing and analyzing structural alternatives and assisting in long-term planning. Capital raising advice includes private and public market financing. Lazard's Sovereign Advisory group advises governments and sovereign entities on policy and financial issues.<ref>{{Cite web |title=Lazard Reports 2013 fourth quarter earnings |url=http://investor.shareholder.com/lazard/releasedetail.cfm?ReleaseID=823374 |url-status=dead |archive-url=https://web.archive.org/web/20140429161604/http://investor.shareholder.com/lazard/releasedetail.cfm?ReleaseID=823374 |archive-date=April 29, 2014 |access-date=March 17, 2014}}</ref>

===Asset management===
Lazard's asset management business provides [[investment management]] and financial advisory services to institutional clients, financial intermediaries, private clients, and investment vehicles around the world. The firm manages assets on behalf of institutional clients ([[corporations]], [[labor unions]], public [[pension fund]]s, [[College and university endowments in the United States|endowments]], [[Foundation (nonprofit organization)|foundations]], [[insurance companies]], and banks; and through sub-advisory relationships, [[mutual fund]] sponsors, [[broker-dealer]]s and registered advisors) and individual clients (principally [[family office]]s and [[high-net-worth individual]]s).<ref name="10-K 2021" />