Lazard Reports February 2023 Assets Under Management

NEW YORK–(BUSINESS WIRE)–Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management as of February 28, 2023 totaled approximately $224.2 billion. The month’s AUM included market depreciation of $2.8 billion, foreign exchange depreciation of $2.9 billion and net outflows of $0.8 billion.

LAZARD LTD

ASSETS UNDER MANAGEMENT (“AUM”)

(unaudited)

($ in millions)

As of:

February 28,

January 31,

20231

2023

Equity

$174,020

$179,416

Fixed Income

44,807

45,865

Other

5,331

5,354

Total AUM

$224,158

$230,635

(1) Preliminary – subject to adjustment

About Lazard

Lazard, one of the world’s preeminent financial advisory and asset management firms, operates from 43 cities across 26 countries in North and South America, Europe, Asia and Australia. Celebrating its 175th year, the firm provides advice on mergers and acquisitions, capital markets and other strategic matters, restructuring and capital solutions, and asset management services to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit www.lazard.com. Follow Lazard at @Lazard.